SME Times News Bureau | 04 Nov, 2013
Country's foreign exchange (forex) reserves gained $1.82 billion to touch
$282.95 billion for the week ended Oct 25, official data showed.
The forex reserves had risen by $1.88 billion to touch $281.12 billion for the week ended Oct 18.
According
to the Reserve Bank of India (RBI) Weekly Statistical Supplement,
India's foreign currency assets (FCA), the biggest component of the
forex reserves, increased by $1.80 billion to $254.50 billion for the
week under review.
RBI said the FCA expressed in US dollar terms
included the effect of appreciation or depreciation of non-US
currencies held in reserve such as the pound sterling, euro and yen.
The FCA had increased by $1.84 billion to $252.69 billion for the week ended Oct 18.
The
value of India's gold reserves remained the same. The reserves had
increased by $41.3 million and stood at $21.76 billion during the week
ended Oct 11.
However, India's reserve position with the
International Monetary Fund (IMF) rose by $6.9 million to $2.21 billion
and the value of the special drawing rights (SDRs) gained by $13.7
million to $4.46 billion.
For the week ended Oct 18, the
country's reserve with IMF had risen by $12.7 million to $2.20 billion
and the value of the SDRs gained by $25.6 million to $4.45 billion.
