This article was first published 19 years ago

Forex reserves up by $5.031 bn

Share:

February 16, 2007 18:34 IST

India's forex reserves increased by a whopping 5.031 billion to stand at $185.078 billion during the week ended February 9, as against $180.047 billion during the week ended February 2.

The reserves were up by $995 million during the preceding week ended February 2, compared to a week ago period.

Foreign currency assets too increased by $5.119 billion to $178.084 billion during the seven-day period ended February 9, 2006, according to Reserve Bank figures.

Foreign currency assets in dollars include effect of revaluation of non-US currencies such as Euro, Sterling and yen held in reserves.

The reserve position in the IMF, however, came down by $80 million to $463 million.

SDRs also dipped $8 million to $2 million, though gold reserves remained static at $6.529 billion.
Share:

Moneywiz Live!