Our Bureau

Mumbai, Sept. 29

Forex reserves increased by $940 million to touch $166.482 billion for the week ended September 22, according to the Reserve Bank of India's Weekly Statistical Supplement. In the earlier week, reserves stood at $165.542 billion.

The week saw good dollar inflows into the domestic bourses, explaining the rise in reserves, said the head of treasury at a private sector bank.

According to RBI data, foreign currency assets increased by $936 million to touch $159.175 billion during the week. Foreign currency assets expressed in US dollars include the effect of appreciation/depreciation of non-US currencies (such as euro, sterling, yen) held in reserves.

FII inflows into equities came to $311.3 million. Gold reserves and SDRs were unchanged at $6.538 billion and $1 million respectively.

The reserves with the IMF moved up by $4 million to $768 million.

(This article was published in the Business Line print edition dated September 30, 2006)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.