Business Daily from THE HINDU group of publications
Saturday, Oct 03, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, Oct 03, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Forex Forex reserves fall by $860 million Our Bureau Mumbai, Oct. 2 Foreign exchange reserves fell $860 million to $280 billion for the week ended September 25, according to figures released in the Reserve Bank of India’s weekly statistical supplement. This is the second consecutive week in which the reserves have fallen. For the week ended September 18, the reserves fell $208 million to $280.77 billion. In the week under consideration, the foreign currency assets fell $855 million to $263.498 billion. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies. Gold reserves remained unchanged at $9.828 billion. SDRs were down by $4 million at $5.220 billion. The reserve position in the IMF decreased by $1 million at $1.364 billion. Forex reserves rise $3 billion Forex reserves rise by $1.28 billion Forex reserves rise to $276.3 billion More Stories on : Forex
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