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Friday, September 11, 2009

FOREX RESERVES UP BY $932 M

FOREIGN exchange reserves rose $932 million during the week ended september 4, largely on a ccount of inflows through foreign investment.
According to the latest data released by the Reserve Bank of India in its weekly statistical supplement (WSS), total foreign exchange reserves including gold and special drawing rights, (currency with the International Monetary Fund) rose $1,287 million to touch $277.6 billion during the week ended September4.
While foreign currency assets and gold rose$1134 million and $157 million respectively, reserves with the IMF and SDR dipped $1 million and $3 million respectively.

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