Forex reserves rose USD 2,837 million to touch USD 275,559 million as on Dec. 28, 2007, primarily as a result of increase 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 Jan. 04, 2008, foreign currency and assets moved up USD 2,833 million to USD 266,767 million.
During the same period, the reserve position in the international monetary fund (IMF) increased by USD 4 million to USD 432 million.
However, SDRs (special drawing rights) and gold reserves remained flat at USD 3 million and USD 8,357 million respectively.
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.
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