India’s foreign exchange reserves rose by about $502 million in the week ended August 3.

The forex reserves, comprising predominantly foreign currency and gold stood at $289.15 billion.

The reserves stood at $288.64 billion for the week ended July 27.

Since March-end 2012, the country’s forex reserves have dipped by about $5.2 billion.

Further, India’s reserve position in the IMF and Special Drawing Rights decreased by $4.3 million and $8.7 million, respectively.

(This article was published on August 10, 2012)
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