India foreign reserves up 3.9 bn to USD 271.64 bn | business | Hindustan Times
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India foreign reserves up 3.9 bn to USD 271.64 bn

India's forex reserves rose by USD 3.930 billion to USD 271.641 billion for the week ended July 31 from USD 267.711 billion in the previous week.

business Updated: Aug 07, 2009 22:41 IST
PTI

India's forex reserves rose by USD 3.930 billion to USD 271.641 billion for the week ended July 31 from USD 267.711 billion in the previous week.

Foreign currency assets (FCAs), during the week, jumped to USD 260.631 billion, up USD 3.974 billion, as compared to USD 256.657 billion in the previous week, the RBI data said.

FCAs, 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 in its weekly report.

Gold reserves, during the period under review, declined by USD 129 million to USD 9.671 billion, as against USD 9.800 billion in the previous year.

The special drawing rights (SDR) stood unchanged at USD 1 million, the central bank said.

India's reserve position in the International Monetary Fund (IMF) rose by USD 85 million to USD 1.338 billion as compared to USD 1.253 billion in the previous week, RBI said.