India’s foreign exchange reserve went up by $3.59 billion to $254.05 billion during the week ended December 19, 2008 mainly on account of revaluation in foreign currency. The foreign currency assets rose by $3.58 billion to $ 245.30 billion, according to the latest data released by the Reserve Bank of India (RBI) today.
Gold and Special Drawing Right (SDR) remained unchanged in the reserve during the week. The reserve position in the International Monetary Fund (IMF) rose by $16 million to $880 million.
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