December 04, 2008

Indian FOREX reserves reach USD 261.923 billion

As per the weekly statistical supplement of the Reserve Bank of India released on November 16th 2007, foreign currency and assets raised by USD 3.659 billion to USD 261.923 billion. While special drawing rights and gold reserves remained flat at USD 13 million and USD 78.11 million respectively.

During the same period, the reserve position in the international monetary fund increased USD 4 million to USD 434 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.