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Forex reserves increase by $1.43 bn

Forex reserves increase by $1.43 billion to inch towards $200 billion mark, as per figures released by RBI.

business Updated: Apr 07, 2007 13:04 IST

India's forex reserves increases by $1.433 billion to stand at USD 199.179 billion during the week ended March 30 as against USD 197.746 billion during the previous week.

The reserves had increased by USD 1.789 billion during the week ended March 23 as compared to the previous week.

The foreign currency assets (FCAs) rose by USD 1.532 billion to USD 191.924 billion during the week ended March 30, according to figures released by the Reserve Bank of India on Friday.

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling and Yen held in reserves.

The reserve position in IMF and SDRs (special drawing rights) remained static at USD 469 million and USD two million respectively, while the gold reserves dropped by USD 99 million to stand at USD 6.784 billion.

First Published: Apr 07, 2007 12:46 IST