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India's forex reserves up by $ 293 million to $ 282.84 billion
Mumbai, September 3, 2010
India's foreign exchange reserves, which had declined for two consecutive weeks, went up by $ 293 million to $ 282.84 billion in the week ended August 27 from $ 282.55 billion in the previous week. The Reserve Bank of India's weekly statistical supplement said that foreign currency assets increased by $ 279 million from $ 256.37 billion in the previous week to $ 256.65 billion in the week ended August 27. The bulletin said foreign currency assets expressed in US dollar terms included the effect of appreciation/depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves. During this period, the country's gold reserves remained unchanged at $ 19278 billion, while its Special Drawing Rights (SDRs) went up slightly by $ 10 million to $ 4.981 billion, The bulletin said the country's reserve position in the International Monetary Fund (IMF) increased marginally by $ 4 million to $ 1.935 billion. NNN
