By IANS
21 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.
Industry hails PM's determination to see reforms through Himachal identifies land for spice parkIndustry hails PM's determination to see reforms throughIndustry hails PM's determination to see reforms through

RELATED NEWS
Share This Page