Forex reserves up by $266 mn

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BS Reporter Mumbai
Last Updated : Jan 20 2013 | 2:34 AM IST

India’s foreign exchange reserves rose by $266 million to $317 billion for the week ended September 16, primarily on account of the revaluation of foreign currency assets.

According to the Reserve Bank of India, foreign currency assets were up by $202 million to $281 billion, while gold reserves remained unchanged at $28 billion. Special drawing rights (SDRs) and the reserve position with the International Monetary Fund have increased.

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First Published: Sep 24 2011 | 12:09 AM IST

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