| Date: |
16-11-2010 |
| Subject: |
India's Forex Reserves Cross $300 billion |
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India's foreign exchange reserves rose $2.25 billion in the week ended November 5 to $300.21 billion on foreign portfolio inflows and changes in the value of global currencies.
Foreign currency assets rose $2.19 billion to $271.28 billion. The special drawing rights were up $43 million to $5.22 billion, according to the Reserve Bank of India [ Get Quote ] data.
The last time reserves were above $300 billion was in August 2008. They had crossed $300 billion for the first time at the end of February 2008. The peak of $316.17 billion was reported in May 2008, according to Bloomberg data.
Source : rediff.com
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