Forex reserves up $39.6m
5 January 2013
statesman news service
NEW DELHI, 5 JAN: The country’s foreign exchange (forex) reserves rose by $39.6 million to $296.57 billion for the week ending 28 December 2012, according to data released by the Reserve Bank of India.
The reserves had gone down by $92.8 million to $296.53 billion for the week ending 21 December 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. FCA in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen, The RBI said.
Gold reserves value remained the same at $27.80 billion. The value had dipped by $386.2 million in the week ended 30 November. The value had remained unchanged at $28.18 billion since the week ending 2 November 2012, when the value of gold reserves rose by $56.4 million.