Forex reserves up at $ 286.723 billion | business | Hindustan Times
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Forex reserves up at $ 286.723 billion

business Updated: Dec 04, 2009 20:36 IST

India's foreign exchange reserves rose by $ 1.379 billion for the week ended November 27, to $ 286.723 billion compared to $ 285.344 billion in the previous week.

The foreign currency assets, during the week, stood at $ 262.449 billion, up $ 571 million, compared to $ 261.878 billion in the week ago, RBI said in its weekly report today.

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

Gold reserves, during the week, stood unchanged at $ 17.5-billion while the special drawing rights (SDRs) jumped to $ 5.310-billion as compared to $ 5.266-billion in the week ago, the RBI said.

The country's reserve position in the International Monetary Fund rose to $ 1.464-billion from $ 700-million in the week-ago period, the RBI said.