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Our Bureau

Mumbai , Nov. 10

Forex reserves increased by a meagre $24 million to touch $167.116 billion for the week ended November 3, according to figures released by the Reserve Bank of India. This is the third week in a row that the country's forex reserves saw accretions. In the earlier week, forex reserves were at $ 166.482 billion. According to figures from the SEBI, the week under review also saw good FII inflows into the domestic equity market at $450.2 million. Euro traded between $1.2723 and $1.2770.

Foreign currency assets increased by $155 million to touch $160.391 billion. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies (such as euro, sterling, yen) held in reserves. Gold reserves fell by $134 million to $6.068 billion. Special Drawing Rights were unchanged at $7 million. The reserve position in the IMF increased by $3 million to touch $650 million.

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