Forex reserves up $1.066bn to $129.98bn

Foreign exchange reserves increased $1.066 billion to $129.98 billion for the week ended February 11, 2005 from $128.914 billion in the previous week, according to the weekly supplement released by the RBI today.

Foreign currecy assets increased $1.070 billion to $ 124.177 billion. While gold reserves were steady at $4.390 billion, SDRs moved up to $10 million. The Reserve Tranche Position with the IMF declined $9 million to $1.403 billion.