Follow us on:   

India foreign exchange reserves up to $296 billion
January 7, 2013, 10:40 am



India’s foreign exchange (forex) reserves increased by $39.6 million to $296.57 billion for the week ended December 28, 2012, data released by the Reserve Bank of India (RBI) showed.

The reserves had gone down by $92.8 million to $296.53 billion for the week ended December 21, 2012.

The foreign currency assets (FCA) — the biggest component of the forex reserves — went up by $63.9 million at $262.01 billion, according to the weekly statistical supplement released by the RBI.

The FCA decreased by $169.9 million at $261.94 billion in the previous week.

The central bank said FCA in US dollar terms included the effect of appreciation or depreciation of non-U.S. currencies held in reserve, such as the pound sterling, euro and yen.

Source: Agencies


Leave a Reply

Your email address will not be published. Required fields are marked *

Anti-Spam * Time limit is exhausted. Please reload the CAPTCHA.