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Rediff.com  » Business » India's forex reserves at $168.28 billion

India's forex reserves at $168.28 billion

Source: PTI
November 17, 2006 19:04 IST
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India's forex reserves went up by $1.168 billion to stand at $168.284 billion during the week ended November 10 as against $167.116 billion during the week ended November 3.

The reserves had increased by $24 million during the preceeding week ended November 3, compared to a week ago period.

The foreign currency assets also increased by $1.172 billion to $161.563 billion during the seven-day period ended November 10, according to figures released by the Reserve Bank of India.

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling, Yen held in reserves.

Reserve position in the IMF also went up by $2 million to stand at $652 million.

Gold reserves remained static at $6.068 billion. However, SDRs decreased by $6 million to $1 million.

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