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Forex reserves rise by $1.45 bn to $294.98 bn

Foreign currency assets up by $1.44 bn to $260.13 bn

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Press Trust of India Mumbai

After dipping for two weeks, the country's foreign exchange kitty rose by $1.45 billion to $294.98 billion for the week ending November 23 amid increase in foreign currency assets, the Reserve Bank of India (RBI) said today.

The total reserves had slipped by $32.7 million to $293.53 billion in the previous reporting week.

Foreign currency assets, a major component of the forex reserves, were up by $1.44 billion to $260.13 billion during the week ended November 23, the RBI said in its weekly statistical supplement.

Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.

 

The gold reserves remained unchanged at $28.19 billion during the week, the apex bank said.

For the week under review, the special drawing rights (SDRs) were up by $15.1 million to $4.402 billion while the country's reserve position with the IMF was down by $20.5 million to $2.250 billion, according to the RBI data.

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First Published: Nov 30 2012 | 7:54 PM IST

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