By IANS
24 months ago | Published on : 10:40 am, 22 Sep 2012

Mumbai, Sep 22 (IANS) India's foreign exchange (forex) reserves rose by $2.43 billion to $294.47 billion for the week ended Sep 14, 2012, the Reserve Bank of India's (RBI) data show. The reserves had increased by $1.58 billion to $292 billion for the previous week. Foreign currency assets, the biggest component of the forex reserves kitty in the week under review grew by $2.33 billion to $261.51 billion, according to the weekly statistical supplement released by the RBI. The RBI in a statement said that foreign currency assets 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. However, the value of gold reserves remained stagnant at $26.23 billion. Both the special drawing rights (SDRs) and reserves with the International Monetary Fund (IMF) grew in the week under review. The SDRs increased by $65.4 million to $4.47 billion during the week ended Sep 14, 2012, while India's reserves with the IMF grew by $32.9 million to $2.24 billion.
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