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Foreign exchange reserves swell $484.2 mn, to $295 bn

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Press Trust of India Mumbai

The reserves had dipped USD 471.3 million at USD 294.51 billion in the previous reporting week.

Foreign currency assets (FCAs), a major component of the forex reserves, were up USD 492.7 million at USD 260.505 billion for the week under review, the RBI said in its weekly statistical supplement.

FCAs, 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 gold reserves remained unchanged at USD 27.80 billion during the week, the apex bank said.

For the week under review, the special drawing rights (SDRs) were down by USD 8.9 million at USD 4.420 billion, while India's reserve position with the IMF grew USD 0.4 million to USD 2.265 billion, the RBI data showed.

 

  

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First Published: Dec 14 2012 | 8:35 PM IST

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