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Forex reserves up by $2.27 bn to $266.19 bn

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Press Trust of India Mumbai

India's forex reserves rose by $2.270 billion to $266.187 billion for the week ended July 17 compared to the week-ago period.

The reserves stood at $263.917 billion in the week-ago period.

Reserves have shown a jump after falling for two consecutive weeks by $667 million.

Foreign currency assets, during the week, rose to $255.138 billion compared to $252.873 billion in the previous week, RBI weekly report said.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves, the central bank said.

Country's gold reserves and special drawing rights, during the period, stood unchanged at $9.8 billion and $1 million respectively, RBI said.

 

India's reserve position in the International Monetary Fund (IMF) rose to $1.248 billion during the week as compared to $1.243 billion, the apex bank said.

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First Published: Jul 24 2009 | 9:25 PM IST

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