labels: economy - general
India''s foreign exchange reserves up at $204.934 billionnews
02 June 2007

Mumbai: Foreign exchange reserves of the country increased from $203.982 billion as of May 18 to $204.934 billion on May 25, rising by $952 million during the seven-day period, as per figures released by the Reserve Bank of India.

The reserves had decreased by $9 million during the week ended May 18 from the preceeding seven-day period.

Foreign currency assets increased by $953 million to $197.438 billion during the week ended May 18.

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as euro, sterling and the yen held in reserves.

Both special drawing rights (SDRs) and gold reserves remained static at $1 million and $7.036 billion respectively.

Reserve position in the IMF declined by $1 million to stand at $459 million.

 


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India''s foreign exchange reserves up at $204.934 billion