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Forex reserves up by $253M
By agencies
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Saturday, 16 April 2005, 19:30 IST
MUMBAI:IndiaÂ’s foreign exchange reserves grew marginally by $253 million to $ 141.45 billion for the week ended April eight, 2005.
The countryÂ’s foreign exchange reserves now stand at $1,41,457 million, an increase of $ 253 million over last weekÂ’s reserves of $ 1,41,204 million, according to RBIs weekly statistical supplement released here today.
The marginal rise is mainly due to revaluation of international currencies and increased remittances, analysts said.
The foreign currency assets were up by $262 million to reach at $1,35,524 million for the reporting week.
Gold reserves and SDRs remained static at $4,500 million and $ five million respectively.
The countryÂ’s reserve tranche position in the IMF declined by $ nine million to $1,428 million, RBI added.