Forex reserves up $482 mn to $312 bn
April 18, 2008 19:42 IST
India's foreign exchange reserves rose by $482 million to $312.367 billion for the week ended April 11 from $311.885 billion in the previous week.
Foreign currency assets shot up to $301.820 billion during the period, up $426 million from $301.394 billion, RBI said in its report in Mumbai on Friday.
The FCAs expressed in dollar include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserve, RBI said.
India's reserve position in the International Monetary Fund rose by $56 million to $490 million from $434 million in the previous week.
During the period, gold reserves and Special Drawing Rights remained static at $10.039 billion and $18 million respectively, it added.
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