India Forex Reserves $289.992 Billion Jun 29; Up $1.365 Billion on Week
07/06/2012| 07:59am US/Eastern
By Nupur Acharya
India's foreign-exchange reserves rose by $1.365 billion to $289.992 billion in the week ended June 29, central bank data showed Friday.
The Reserve Bank of India's weekly statistical supplement showed reserves rose mainly due to an increase of $1.175 billion in the bank's foreign-currency assets.
The RBI doesn't provide a reasons for the changes in foreign-currency assets, but says that the assets expressed in dollar terms capture fluctuations in the value of non-U.S. currencies held in reserves.
The following figures are in millions of dollars:
2012 Over Week Over Year
Foreign Currency* $259,958.4 $1,175.3 -$26,500.0
Gold $25,760.2 $175.2 $1,091.8
SDRs $4,379.1 $8.4 -$234.5
Reserve With IMF $2,894.5 $5.6 -$80.2
TOTAL $289,992.2 $1,364.5 -$25,722.9
*Excludes $673 million invested in foreign-currency denominated bonds issued by IIFC (UK).
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