Monday, March 3, 2008

Forex reserves rise by USD 1,754 mn

Forex reserves rose USD 1,754 million to touch USD 294,610 million as on Feb. 22, 2008, mainly due to the 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 Feb. 29, 2008, foreign currency and assets moved up USD 1,751 million to USD 284,989 million.

During the same period, the reserve position in the international monetary fund (IMF) increased by USD 3 million to USD 422 million. While, gold reserves remained flat at USD 9,199 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.

2 comments:

Joyce.gardner said...

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Joyce.gardner said...

Hi!
play stock? i want to study stock this year, and next year , i may buy some。We study together !