India`s forex reserves increased by USD 74 million to stand at USD 278,431 million as on Mar. 5, 2010, mainly on account of rise in foreign currency assets.
As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on Mar. 12, 2010, foreign currency assets increased by USD 81 million to stand at USD 254,072 million.
During the same period, the reserve position in the International Monetary Fund (IMF) decreased marginally USD 1 million to stand at USD 1,392 million.
Special Drawing Rights (SDRs) decreased by USD 6 million to stand at USD 5,047 million. Gold reserves remained steady at USD 17,920 million.
Foreign currency assets expressed in USD include the effect of appreciation or depreciation on non-US currencies (such as Euro, Sterling and Yen) held in reserves.
Source : myiris.com