• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , Aug. 4

The forex reserves have increased by $675 million due to an increase in foreign currency assets.

According to the Reserve Bank of India's Weekly Statistical Supplement, the reserves rose by $675 million to touch $164.023 billion for the week-ended July 28. In the previous week, the reserves had increased by $689 million to $163.35 billion.

Foreign currency assets increased by $673 million to touch $157.071 billion during the week. Foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen.

The euro traded between $1.2590 and $1.2747. According to a forex dealer with a private bank, "During the week, the euro strengthened due to which the forex reserves showed an increase," said the dealer.

There was an FII inflow of around $237.1 million to the equity market during the week under consideration.

Gold reserves remained unchanged at $6.18 billion. The reserve position in the IMF increased by $2 million to touch $765 million.

More Stories on : Forex

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Vidarbha package disbursal gains speed

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line