Forex reserves up @ $130 bn

Foreign exchange reserves increased $1.066 billion to $129.98 billion for the week ended February 11, 2005 from $128.914 billion in the previous week, according to the weekly supplement released by the Reserve Bank of India on Saturday.

Foreign currency assets increased $1.070 billion to $ 124.177 billion.

While gold reserves were steady at $4.390 billion, SDRs moved up to $10 million.

The Reserve Tranche Position with the IMF declined $9 million to $1.403 billion.