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Forex reserves up by $1.52 bn to $281.86 bn
Press Trust of India / Mumbai Oct 16, 2009, 20:45 IST

India's foreign exchange reserves rose by $1.521 billion to $281.861 billion during the week ended October 9.

During the week, the foreign currency assets increased to $264.942-billion from $263.465-billion in the previous week, the RBI said in its weekly data.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves, the central bank said.

The gold reserves in the period stood unchanged at $10.316-billion.

The Special Drawing Rights (SDRs) increased by $35 million to $5.235 billion in the week as compared to $5.200-billion in the previous week.

The country's reserves position in the International Monetary Fund rose by $9 million to $1.368 billion as against $1.359 billion, the central bank said.

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