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Rediff.com  » Business » India's forex reserves up at $276.36 billion

India's forex reserves up at $276.36 billion

Source: PTI
September 04, 2009 19:45 IST
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India's foreign exchange reserves rose by $4.405 billion for the week ended August 28, to $276.362 billion as compared to $271.957 billion in the previous week.

The foreign currency assets (FCA), during the week, declined to $260.523-billion from $260.938 billion in the week-ago period, RBI said in its weekly report on Friday.

Foreign currency assets expressed in US dollar terms includes the effect of appreciation or depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves, RBI said.

Gold reserves, during the week, remained unchanged at $9.671 billion while the Special Drawing Rights (SDR) stood at $4.821 billion, the RBI said.

During the week, country's reserve position in the international monetary fund stood almost unchanged at $1.347 billion, the central bank said.

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