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This is an archive article published on September 12, 2009

India8217;s forex reserves up by 1.287 bn

India's forex reserves increased by 1.287-billion to 277.649-billion for the week.

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India foreign exchange reserves increased by USD 1.287-billion to USD 277.649-billion for the week ended September 261.657-billion,up by USD 1.134-billion in the week as compared to USD 260.523-billion in the previous week,RBI said in its weekly data.

Foreign currency assets expressed in USD terms include the effect of appreciation or depreciation of non-US currencies such as Euro,Sterling,Yen held in reserves,RBI said.

During the week,gold reserves rose by USD 157-million to USD 9.828-billion.

The Special Drawing Rights SDR decreased by USD 3-million to USD 4.818-billion in the week as compared to USD 4.821-billion in the previous week,the Central Bank said.

The country8217;s reserves position in the international monetary fund dipped by USD 1-million to USD 1.346-billion as against USD 1.347-billion in the previous week,RBI said.

 

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