India’s forex reserves rise to $293.44 billion
February 25th, 2012 - 5:15 pm ICT by IANSMumbai, Feb 25 (IANS) India’s foreign exchange reserves increased by $55.8 million to $293.44 billion for the week ended Feb 17 due to increase in foreign currency assets, Reserve Bank of India (RBI) data showed.
Foreign currency assets, the biggest component of the forex reserves kitty, rose by $87.5 million to $259.53 billion during the week under review, according to the Reserve Bank of India’s weekly statistical supplement.
The RBI did not provide any reasons for the change in foreign currency assets.
It said the assets expressed in US dollar terms included the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve.
However, the value of special drawing rights (SDRs) fell by $19.3 million to $4.45 billion, and India’s reserves with the International Monetary Fund (IMF) declined by $12.4 million to $2.72 billion.
The value of gold reserves remained unchanged at $26.72 billion.
- India's forex reserves fall by $2.187 billion - May 12, 2012
- India's forex reserves slump by $3.14 bn - Jan 15, 2012
- India's forex reserves rise by $731.8 million - Jan 28, 2012
- India's forex reserves rise by $1.46 billion - Apr 28, 2012
- India's forex reserves slump by $5.72 billion - Nov 13, 2011
- India's forex reserves rise by $213.8 million - Apr 21, 2012
- India's forex reserves slump by $4.29 billion - Sep 17, 2011
- India's forex reserves rise by $1.31 billion - Aug 04, 2012
- India's forex reserves rise by $749 mn - Oct 16, 2011
- India's forex reserves drop by $326 mn - Nov 20, 2011
- India's forex reserves rise by $1.68 billion - Jun 04, 2011
- India's forex reserves rise to $289.15 bn - Aug 11, 2012
- India's forex reserves rise by $758.3 million - May 05, 2012
- India's forex reserves slump by $4.67 billion - Dec 25, 2011
- Forex reserves drop to 15-month low at $292.52 billion - Jan 21, 2012
Tags: 5 million, bank of india, currencies, currency assets, depreciation, dollar terms, foreign currency, foreign exchange reserves, forex reserves, gold reserves, international monetary fund, international monetary fund imf, kitty, pound sterling, rbi, reserve bank of india, special drawing rights, statistical supplement, value of gold, yen