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Forex reserves up $3.6 bn at $254.05 bn

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Press Trust of India Mumbai
Last Updated : Jan 19 2013 | 11:03 PM IST

India's foreign exchange reserves swelled to $254.052 billion for the week ended December 19, up by $3.599 billion over the previous week.

Foreign exchange reserves stood at $250.453 billion in the previous week.

The foreign currency assets (FCA), during the week, went up to $245.308 billion, up $3.583 billion, from $241.725 billion in the week-ago period, the Reserve Bank of India's (RBI) weekly data showed here.

According to the RBI data, the country's gold reserves and Special Drawing Rights (SDR), during the week, stood unchanged at $7.861 billion and $3 million, respectively.

FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen, the apex bank said.

India's reserve position in the international monetary fund further swelled by $16 million to $880 billion during the week from $864 million in the previous week, the RBI said.

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First Published: Dec 26 2008 | 7:27 PM IST

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