Business Daily from THE HINDU group of publications
Saturday, Dec 08, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Dec 08, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Forex Forex reserves rise $1.2 b Our Bureau Mumbai, Dec. 7 The forex reserves increased by $1.239 billion to $273.520 billion for the week ended November 30, on the back of revaluation of currency assets. The reserves went up $1.133 billion to $272.281 billion for the week ended November 23, said the Weekly Statistical Supplement from the RBI. The foreign currency assets went up $694 million at $264.725 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 went up $546 million at $8.357 billion. The reserves in SDRs remained unchanged at $3 million while that in IMF decreased by $1 million at $435 million. More Stories on : Forex
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