Money & Banking

Forex reserves up $227.3 m to $295 billion

Our Bureau Mumbai | Updated on October 12, 2012 Published on October 12, 2012




Foreign exchange reserves increased by $227.3 million during the week ended October 5 to $295.04 billion, the Reserve Bank said in its ‘Weekly Statistical Supplement’ on Friday. The forex reserves during the previous week ended September 28 were at $294.81 billion.

The forex reserves comprise foreign currency assets, gold reserves, SDRs (Special Drawing Rights) and reserve tranche position in the IMF. The increase in reserves was mainly on account of a $218.3 million increase in foreign currency assets. Since March-end, the total forex reserves have increased by $642 million.

beena.parmar@thehindu.co.in

Published on October 12, 2012
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