Forex reserves up by USD 561 mn | business | Hindustan Times
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Forex reserves up by USD 561 mn

business Updated: Jan 02, 2009 21:32 IST

India's foreign exchange reserve increased by 561 million dollars to 254.613 billion dollars for the week ended on December 26.

The forex reserves stood at 254.052 billion dollars in the previous week.

During the week ended December 26, the foreign currency assets (FCAs) went up by USD 562 million to USD 245.870 billion against USD 245.308 billion in the week-ago period, Reserve Bank of India said in its weekly report in Mumbai on Friday.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen.

The country's gold reserves and special drawing rights (SDR, during the week, stood unchanged at USD 7.861 billion and USD 3 million respectively, the central bank said.

India's reserve position in the International Monetary Fund dropped by USD 1 million to USD 879 million during the week from the previous week, the apex bank said.