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

Our Bureau

Mumbai, Sept. 14 The country’s forex reserves increased by $1.530 billion to $230.377 billion for the week ended September 7 on account of reasonably good inflows and revaluation of currency assets, said a dealer with a private bank. “The central bank has also been constantly intervening in the forex market to cap the appreciation of rupee,” said the dealer.

The reserves had fallen by $2 million to touch $228.847 billion for the week ended August 31, according to the weekly statistics from the Reserve Bank of India.

The foreign currency assets increased by $1.553 billion to $223.062 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 gold and SDR deposits remained unchanged at $6.881 billion and $2 million respectively. The country’s reserve position in IMF fell by $23 million to $432 million.

More Stories on : Forex

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

Stories in this Section
Banks find it attractive to lend to farm sector

Copyright © 2007, 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