Mumbai: India's foreign exchange (forex) reserves increased by $544.7 million to $275.35 billion, led by healthy rise in core currency assets, the Reserve Bank of India (RBI) data showed.
According to the central bank's Weekly Statistical Supplement, the country's total reserve stood at $275.35 billion for the week ended Sep 13, posting a weekly gain of $544.7 million.
The forex reserves had declined by $685.1 million in the previous week.
However, in rupee term, the value of total reserve declined by Rs.514.7 billion to Rs.17,624.9 billion. The decline was because of the appreciation in the value of rupee against major global currencies, especially US dollar, British pound and Euro.
The foreign currency assets, the biggest component of the forex reserves, increased by $500.5 million to $247.24 billion during the week under review.
The foreign currency assets, expressed in the US dollar term, include the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.
The special drawing rights (SDRs) increased by $30.3 million to $4.38 billion, while reserves with the International Monetary Fund (IMF) rose by $13.9 million to $1.99 billion.
The value of India's gold reserves remained unchanged at $21.72 billion during the week under review.
Comments
| Quick linksNews
National
International
Regional
Politics
Education & Career
Business
Science & Technology
Health
Views & Analysis
The Funny Side
© 2012 Awaz Multimedia & Publications. All rights reserved.
'Can denial of justice for genocide be substituted with good roads?'Asks Anahita Mukherji, says the targeted violence against Muslims in 2002 and Sikhs in 1984 was as symbolic as it was grotesque
"Much has been said on the need to move over the massacres, and focus, instead on "the development plank" which refers, among ..... More
Also Read: Strong ground to prosecute Narendra Modi in Gujarat Riot: Zakia Jafri
Deadly blasts near key military site in Yemen, 40 soldiers deadThe three explosives-rigged cars went off at a military site in Azzan area, in the southeastern Shabwa province, killing at least 40 soldiers and wounding dozens of others, a local government .... More
Apart from the cases of corruption, in the last three years, the Supreme Court of India and the High Court of Gujarat have entrusted four cases of fake encounters of Gujarat to the CBI. The cases are that of Sohrabuddin-Kauserbi, Tulsi Prajapati, Javed-Ishrat ... More
"If the temples release some of their gold, the country need not import this for another four-five months. It will be win-win situation for both the government and the temples. The government will save a lot of foreign exchange," he ...... More
