India's forex reserves rises to $286.38 billion
21 Nov 2009
India's foreign exchange reserves rose $0.962 million to $286.38 billion during the week ended 13 November from $285.41 billion in the previous week, the Reserve Bank of India (RBI) said.
Foreign currency assets (FCAs) with the RBI rose to $262.91 billion from $261.96 billion in the previous week, RBI said in its weekly report.
Foreign currency assets in dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, sterling and yen held in reserves, RBI said.
Gold reserves stood unchanged at $17.5 billion (India had, early this month, bought 200 tonnes of gold from the International Monetary Fund), while the special drawing rights (SDRs) increased to $5.27 billion.
India's reserve position in the IMF stood at $701 million during the week, RBI said.