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India's forex reserves up USD 1.26 bn to USD 290 bn

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Press Trust of India Mumbai
Last Updated : Jan 25 2013 | 4:04 AM IST

The total reserves had slipped by USD 250.5 million to USD 288.92 billion in the previous reporting week.

Foreign currency assets (FCAs), a major component of the reserves, were up USD by 1.22 billion to USD 257.87 billion for the week under review, the Reserve Bank said.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves.

The gold reserves were unchanged at USD 25.71 billion, the apex bank said.

For the week under review, the special drawing rights (SDRs) were up by USD 29.4 million to USD 4.386 billion, while the country's reserve position with the IMF also went up by 14.8 million to USD 2.206 billion, the RBI data showed.

  

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First Published: Aug 31 2012 | 6:35 PM IST

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