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Forex Reserves Up $937 Mn, Touches $213.5 Bn

Tulsi Deshmukh 8 July 2007

Forex Trading On the back of rise in foreign currency and assets collections, Forex reserves soared up by USD 937 million to USD 213.486 billion on June 29 on week-on-week-basis.

According to the Reserve Bank of India’s (RBI) weekly statistical supplement released on July 6, 2007, foreign currency and assets reached USD 206.114 billion on the back of USD 936 million rise.

The IMF reserve position also came up by USD 1 million to USD 460 million during the same period.

On the other hand, gold reserves and the special drawing rights (SDRs) remained unaltered at USD 6,911 million and USD 1 million correspondingly.

The foreign currency assets showed in USD terms comprise the consequence of admiration/reduction of non-US currencies including Euro, Sterling and Yen.

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