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Forex reserves up $1 bn to $315.66 bn

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Press Trust of India Mumbai

Reserves had fallen by $1.557 billion in the previous week after posting a rise in three consecutive weeks.

Foreign currency assets (FCAs), which stood at $304.875 billion in the past week, went up by $1.045 billion to $305.92 billion during the period, according to RBI weekly data.

The FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves, RBI said.

 

Gold reserves and Special Drawing Rights, during the week, stood static at $9.202 billion and $11 million respectively, it said.

The country's reserve position in the International Monetary Fund (IMF), during the seven-day period, stood at $527 million as against $526 million in the previous week.

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First Published: Jun 13 2008 | 8:45 PM IST

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