Business Daily from THE HINDU group of publications
Saturday, Oct 17, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, Oct 17, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Money & Banking
-
Forex Forex reserves rise by $1.5 billion Our Bureau Mumbai, Oct. 16 The country’s foreign exchange reserves gained by $1.521 billion to touch $281.861 billion for the week ended October 9, according to the latest figures from the Reserve Bank of India. This is the second week in a row that foreign exchange reserves have increased. In the previous week ended September 25, reserves had increased by $430 billion to touch $280.340 billion. For the week under review, most of the gains have been on account of currency revaluation. Foreign currency assets increased by $1.477 billion to touch $265.942 billion. Gold was unchanged at $10.316 billion. SDRs increased by $35 million to $5.235 billion. The reserve position in the IMF increased by $9 million to touch $1.368 billion. Next week, the rupee could see resistance at 46.80 and could trade at around 46.40/50 levels, said a forex dealer with a pubic sector bank. “The rupee’s movement will depend on the equities. A substantial correction in the equities is possible due to profit booking and a similar situation is also likely to be seen in the rupee,” the dealer said. More Stories on : Forex
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|