India's forex reserves up by dollar 1.287 bn | india | Hindustan Times
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India's forex reserves up by dollar 1.287 bn

india Updated: Sep 11, 2009 22:06 IST

PTI
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India foreign exchange reserves increased by $1.287-billion to $277.649-billion for the week ended on September 4 as compared to $276.362-billion in the previous week.

The country's foreign currency assets rose to $261.657-billion, up by $1.134-billion in the week as compared to $260.523-billion in the previous week, RBI said in its weekly data.

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, RBI said.

During the week, gold reserves rose by $157-million to $9.828-billion.

The Special Drawing Rights (SDR) decreased by $3-million to $4.818-billion in the week as compared to $4.821-billion in the previous week, the central bank said.

The country's reserves position in the international monetary fund dipped by $1-million to $1.346-billion as against $1.347-billion in the previous week, RBI said.

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