Forex reserves up $8 million

The country’s foreign exchange reserves increased by $8 million to $263.65 billion during the week ended June 19, 2009, mainly due to the revaluation of currencies.

According to the latest data from the Reserve Bank of India (RBI), foreign currency assets increased by $10 million to $252.8 billion. Gold and SDRs remained unchanged. During the week, forex position in the International Monetary Fund declined by $2 million to $1.24 billion.