India's Forex reserves up by USD 4.76 billion

Friday, October 26, 2007, 22:04 [IST]

Mumbai, Oct 26 (UNI) India's forex reserves witnessed a rise of 4.76 billion US Dollars to touch USD 261.14 billion in the week ended October 19, as compared to USD 256.68 billion in the previous week.

The Reserve Bank of India (RBI) today said, in its weekly statistical supplement, the foreign currency and assets rose by USD 4.44 billion to USD 253.32 from USD 248.88billion, during the same period.

Moreover, special drawing rights (SDRs) grew by USD 11 million to USD 13 million. While, gold reserves remained flat at USD 7,367 million.

During the same period, the reserve position in the International Monetary Fund (IMF) was at USD 439 million.

Foreign currency assets expressed in USD, include the effect of appreciation or depreciation, on non-US currencies (such as Euro, Pound Sterling and Yen).

UNI

Topics: MARKETS-FOREX-RESERVES

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