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Indian forex reserves touch US$ 200 billion mark
The Financial Express: April 13, 2007
 

Mumbai: India's forex reserves increased by $1.141 billion to USD 200.325 billion during the week ended April 6 as against USD 199.179 billion in the previous week.

Foreign currency assets (FCAs) rose by $1.151 billion to $193.075 billion during the week ended April 6, according to figures released by the Reserve Bank of India in Mumbai on Friday.

The country's forex reserves had increased by $1.43 billion during the week ended March 30.

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling and Yen held in reserves.

Special drawing rights (SDRs) and gold reserves remained static at USD two million and USD 6.784 billion, respectively.

The reserve position in the IMF stood at $469 million.

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Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
 


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