| Date: |
29-01-2011 |
| Subject: |
India's Forex Reserves Increase $1.97 Bn to $299.39 Bn |
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MUMBAI: India's foreign exchange reserves increased by USD 1.97 billion to USD 299.39 billion for the week ended January 21.
The forex reserves were USD 297.41 billion in the previous week (ending January 14).
Foreign currency assets, a major component of the forex kitty, also increased to USD 269.55 billion, up 1.685 billion for the week ended January 21, the Reserve Bank said.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the Euro, Pound and Yen, held in the reserves.
Meanwhile, India's gold reserves remained unchanged at USD 22.47 billion while both the special drawing rights (SDRs) and reserve position in the IMF increased.
The country's SDRs increased by USD 25 million to USD 5.126 billion, while the reserve position in the IMF rose by USD 267 million to USD 2.24-billion, the RBI data showed.
Source : economictimes.indiatimes.com
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