Forex reserves up by $1.2 bn to $273.520 bn | business | Hindustan Times
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Forex reserves up by $1.2 bn to $273.520 bn

The country's foreign exchange reserves rose by $1.239 billion to $273.520 billion for the week ended November 30.

business Updated: Dec 07, 2007 21:11 IST

The country's foreign exchange reserves rose by $1.239 billion to $273.520 billion for the week ended November 30.

The forex reserves had increased by 1.13 billion to $272.281 billion in the previous week.

Foreign Currency Assets were up by $694 million to stand at $264.725 billion against USD 264.031 billion a week ago, the RBI figures stated.

Foreign currency assets expressed in US dollar terms included the effect of appreciation or depreciation of other currencies, such as the Euro, Pound Sterling and Yen, held in its reserves, the statement said.

Gold reserves enhanced to $8.357 billion, up by $546 million.

Country's reserve position in the International Monetary Fund came down by $ one million to $435 million while the Special Drawing Rights (SDRs) remained static at $three million.