This article was first published 19 years ago

Forex reserves increase by $2.96 billion

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April 07, 2006 19:29 IST

India's forex reserves increased by $2.96 billion to stand at $151.622 billion during the week ending March 31, 2006 against $148.662 billion during the week ending March 24.

The reserves had increased by $2.503 billion during the preceding week ending March 24, 2006 compared to a week ago.

Foreign currency assets increased by $2.949 billion to $145.108 billion during the seven-day period ending March 31, according to figures released by the Reserve Bank of India.

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as euro, sterling, yen held in reserves.

Reserve position in the IMF increased by $3 million to $756 million.

Gold reserves were up by 8 million at $5.755 billion. SDRs remained static at $3 million.

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