RBI in its weekly data said that India foreign exchange reserves increased by USD 1.287 billion to USD 277.649 billion for the week ended September 261.657 billion up by USD 1.134 billion in the week as compared to USD 260.523 billion in the previous week.
RBI said that foreign currency assets expressed in USD terms include the effect of appreciation or depreciation of non US currencies such as Euro, Sterling, Yen held in reserves.
During the week, gold reserves rose by USD 157 million to USD 9.828 billion.
The Central Bank said that the Special Drawing Rights decreased by USD 3 million to USD 4.818 billion in the week as compared to USD 4.821 billion in the previous week.
RBI said further added that the country's reserves position in the international monetary fund dipped by USD 1 million to USD 1.346 billion as against USD 1.347 billion in the previous week.
(Sourced from http://www.steelguru.com/news/index/2009/09/14/MTExNTk2/Macroeconomic_indicators_-_Indian_FOREX_reserves_increase.html)
Sunday, September 13, 2009
Macroeconomic indicators - Indian FOREX reserves increase
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