India’s foreign exchange reserve went up by $2.51 billion to $291.97 billion in the week ended September 19,2008 mainly on account of revaluation of international currencies.
According to Reserve Bank of India data, foreign currency assets rose $2.50 billion to touch $282.81 billion mark. In rupees terms, the forex kitty surged Rs 27,034 crore over the week.
The reserve positon in the IMF went up $2 million to $465 million.
The reserve money went up 2.4 per cent to Rs 9,80,930 crore over the week and 32.4 per cent on year on year basis mainly on account of increase in the bankers’ deposits with RBI. The currency in circulation dipped by 0.4 per cent during the week.
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