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India's forex reserves up by $1.7 B
By agencies
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Monday, 12 September 2005, 19:30 IST
MUMBAI: India's foreign exchange reserves rose by $1.7 billion during the week ended September 2, 2005.
The forex reserves stood at $1,45,555 million, according to Reserve Bank of India's weekly statistical supplement released here today.
Foreign currency assets also increased by $1,560 to $1,39,559 million as on September 2, RBI said.
The rise in inflows is primarily due to revaluation of non U.S. foreign currencies such as Euro, Sterling and Yen, analysts said.
While gold reserves increased by $140 million to $4,535, and Special Drawing Rights (SDRs) remained static at $four million, it said.
The country's reserve tranche position increased by $14 million to $1,457 million, it said.