Forex reserves witnessed a rise of USD 1,133 million to touch USD 272,281 million as on Nov. 23, 2007, primarily as a result of rise in foreign currency and assets collections, on a weekly basis.
As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on Nov. 30, 2007, foreign currency and assets rose USD 1,130 million to USD 264,031 million.
During the same period, the reserve position in the international monetary fund (IMF) increased USD 3 million to USD 436 million.
While gold reserves and SDRs (special drawing rights) remained flat at USD 7,811 million and USD 3 million.
Foreign currency assets expressed in USD, include the effect of appreciation or depreciation, on non-US currencies (such as Euro, Sterling and Yen) held in reserves.
Friday, November 30, 2007
Forex reserves up USD 1,133 mn
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