India's foreign reserves up by near $40 mn
Mumbai, India foreign exchange (forex) reserves rose by $ 39.6 million to $ 296.57 billion for the week ending December 28, 2012, data released by the Reserve Bank of India (RBI) showed.
The reserves were decreased by $ 92.8 million to $ 296.53 billion for the week ending December 21, 2012.
The foreign currency assets (FCA) - the largest component of the forex reserves - increased by $ 63.9 million to $ 262.01 billion, according to the weekly statistical supplement released by the RBI.
The FCA decreased by $ 169.9 million to $ 261.94 billion in the previous week.
The central bank said FCA denominated in U.S. dollars the effect of increase or decrease in non-US currencies held in reserve, as the British pound, euro and yen included.
Gold Reserves value remained unchanged at $ 27.80 billion. The value was baptized by $ 386.2 million in the week ended November 30. The value had remained unchanged at $ 28.18 billion since the week ended November 2 when the value of gold reserves increased by $ 56.4 million.
However, the special drawing rights (SDRs) fell by $ 15.9 million to $ 4.43 billion in the week revised, while the reserves with the International Monetary Fund (IMF) fell by $ 8.4 million to $ 2.32 billion .
The SDR increased by $ 15.8 million $ 4.45 billion in the week ending on 21 December, while the reserves with the IMF had gone up $ 61.3 million to $ 2.33 billion.
Mumbai, India foreign exchange (forex) reserves rose by $ 39.6 million to $ 296.57 billion for the week ending December 28, 2012, data released by the Reserve Bank of India (RBI) showed.
The reserves were decreased by $ 92.8 million to $ 296.53 billion for the week ending December 21, 2012.
The foreign currency assets (FCA) - the largest component of the forex reserves - increased by $ 63.9 million to $ 262.01 billion, according to the weekly statistical supplement released by the RBI.
The FCA decreased by $ 169.9 million to $ 261.94 billion in the previous week.
The central bank said FCA denominated in U.S. dollars the effect of increase or decrease in non-US currencies held in reserve, as the British pound, euro and yen included.
Gold Reserves value remained unchanged at $ 27.80 billion. The value was baptized by $ 386.2 million in the week ended November 30. The value had remained unchanged at $ 28.18 billion since the week ended November 2 when the value of gold reserves increased by $ 56.4 million.
However, the special drawing rights (SDRs) fell by $ 15.9 million to $ 4.43 billion in the week revised, while the reserves with the International Monetary Fund (IMF) fell by $ 8.4 million to $ 2.32 billion .
The SDR increased by $ 15.8 million $ 4.45 billion in the week ending on 21 December, while the reserves with the IMF had gone up $ 61.3 million to $ 2.33 billion.
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