anant1a
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Forex reserves climb by USD 200 mn
Forex reserves climbed USD 200 million to touch USD 312,700 million as on May 9, 2008, mainly due to a rise in foreign currency and assets collections, on a weekly basis.
As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on May 16, 2008, foreign currency assets appreciated USD 200 million to USD 302,776 million.
During the same period, the reserve position in the International Monetary Fund (IMF) remained steady at USD 479 million, while gold reserves remained unchanged at USD 9,427 million.
Foreign currency assets expressed in USD include the effect of appreciation or depreciation on non-US currencies (such as Euro, Sterling and Yen) held in reserves.
Forex reserves climbed USD 200 million to touch USD 312,700 million as on May 9, 2008, mainly due to a rise in foreign currency and assets collections, on a weekly basis.
As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on May 16, 2008, foreign currency assets appreciated USD 200 million to USD 302,776 million.
During the same period, the reserve position in the International Monetary Fund (IMF) remained steady at USD 479 million, while gold reserves remained unchanged at USD 9,427 million.
Foreign currency assets expressed in USD include the effect of appreciation or depreciation on non-US currencies (such as Euro, Sterling and Yen) held in reserves.
