India's forex reserves up by USD 714 million

India's forex reserves went up by USD 714 million to stand at USD 176.233 billion during the week which ended on December 22.

Published on: Dec 30, 2006, 13:27:00 IST

None | By Anonymous, Mumbai

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India's forex reserves went up by USD 714 million to stand at USD 176.233 billion during the week which ended on December 22 as against USD 175.519 billion during the week which ended on December 15.

The reserves were up down by USD 75 million during the preceeding week which ended on December 15, compared to a week ago period.

The Foreign Currency Assets also increased by USD 712 million to USD 169.191 billion during the seven-day period which ended on December 22, 2006, according to figures released by the Reserve Bank of India (RBI) Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling, Yen held in reserves.

The reserve position in the IMF also went down by two million to stand at USD 547 million.

Gold reserves and SDRs remained static at USD 6.494 billion and USD one million respectively.

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