labels: RBI
Forex reserves up by $4 billion at $254 billion news
26 December 2008

India's foreign exchange reserves rose to $254.052 billion for the week ended 19 December, up $3.599 billion over the previous week.

The country's foreign exchange reserves stood at $250.453 billion in the previous week.

The foreign currency assets (FCA), during the week, went up to $245.308 billion, up $3.583 billion, from $241.725 billion in the week-ago period, the Reserve Bank's weekly data showed here.

The country's gold reserves and Special Drawing Rights (SDR), during the week, stood unchanged at $7.861 billion and $3 million respectively, the RBI said.

FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen, RBI said.

India's reserve position in the international monetary fund further swelled by $16 million to $880 billion during the week from $864 million in the previous week, the RBI said.


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Forex reserves up by $4 billion at $254 billion