| Date: |
07-01-2013 |
| Subject: |
India’s forex reserves up nearly $4 m |
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India’s foreign exchange (forex) reserves increased by $39.6 million to $296.57 billion for the week ended December 28, 2012, data released by the Reserve Bank of India (RBI) showed.
The reserves had gone down by $92.8 million to $296.53 billion for the week ended December 21, 2012. The foreign currency assets (FCA) - the biggest component of the forex reserves - went up by $63.9 million at $262.01 billion, according to the weekly statistical supplement released by the RBI.
The FCA decreased by $169.9 million at $261.94 billion in the previous week. The central bank said FCA in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.
Source : deccanherald.com
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