• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• 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
• Events 2007

Group Sites

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

Our Bureau

Mumbai, Feb. 29

The country’s foreign exchange reserves increased by $1.754 billion to $294.610 billion for the week ended February 22, due to rise in foreign currency assets. The reserves rose by $2.048 billion to touch $292.856 billion for the week ended February 15, according to the Weekly Statistical Supplement from the Reserve Bank of India.

“The increase in reserves is mainly because of the revaluation of currency assets,” said a dealer at a private bank.

The foreign currency assets increased by $1.751 billion to $284.989 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 remained unchanged at $9.199 billion. The reserve position in IMF rose by $3 million to $422 million.

More Stories on : Forex

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

Stories in this Section
Govt plans to inject liquidity into banking system

Copyright © 2008, 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