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Our Bureau

Mumbai, Dec. 14 The forex reserves increased by $33 million to $273.553 billion for the week ended December 7, due to currency revaluation.

Compared to the earlier weeks the increase in this week is slightly subdued.

The reserves went up $1.239 billion to $273.520 billion for the week ended November 30.

In the week prior to that as well, forex reserves had increased by over $1 billion.

The total FII inflows into the country’s stock markets for the week under consideration were $506.5 million according to figures from SEBI.

The euro moved between $1.4655 and $1.4636 in the same week.

According to the figures released in the RBI’s Weekly Statistical Supplement, the foreign currency assets went up $35 million to touch $264.76 billion.

Foreign currency assets, as expressed in dollars, include the effect of appreciation or depreciation in non-US currencies (euro, sterling and yen) held in reserves.

The reserves in gold and SDRs remained untouched at $8.357 billion and $3 million, respectively.

The reserve position in the IMF decreased by $2 million at $433 million.

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