India's forex reserves marginally up at $280.19bn

The author has posted comments on this articlePTI | Jul 19, 2013, 09.40PM IST MUMBAI: The country's foreign exchange reserves rose by $21.1 million to $280.19 billion, the Reserve Bank said on Friday.

The total reserves had dipped by $4.48 billion to $280.16 billion in the previous reporting week.

Foreign currency assets, a major component of the forex reserves, were up by $33.5 million to $252.14 billion for the week ended July 12, Reserve Bank said.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.

After a heavy $1 billion plus fall last week, the gold reserves were unchanged at $21.55 billion, the apex bank said.

For the week under review, the special drawing rights (SDRs) were down by $1.5 million to $4.334 billion, while the country's reserve position with the IMF was also down by $19.1 million to $2.162 billion, the apex bank data showed.

Source: http://timesofindia.feedsportal.com/c/33039/f/533919/s/2ee63730/l/0Ltimesofindia0Bindiatimes0N0Cbusiness0Cindia0Ebusiness0CIndias0Eforex0Ereserves0Emarginally0Eup0Eat0E280A0E19bn0Carticleshow0C21170A0A780Bcms/story01.htm

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