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Forex reserves increases
July, 25th 2009

India's forex reserves rose by $ 2.270 bn to $ 266.187 bn for the week ended July 17 compared to the week-ago period. 

The reserves stood at USD 263.917 billion in the week-ago period.

Reserves have shown a jump after falling for two consecutive weeks by USD 667 million.

Foreign currency assets, during the week, rose to USD 255.138 billion compared to USD 252.873-billion in the previous week, RBI weekly report said.

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, the central bank said.

Country's gold reserves and special drawing rights, during the period, stood unchanged at USD 9.8 billion and one million respectively, RBI said.

India's reserve position in the International Monetary Fund (IMF) rose to USD 1.248-billion during the week as compared to USD 1.243-billion, the apex bank said.

 
 
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