India's forex reserves up by $3.9 billion

Posted: Friday, Aug 10, 2007 at 0000 hrs IST
Updated: Friday, Aug 10, 2007 at 2012 hrs IST

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Mumbai, August 10:: India's forex reserves rose by USD 3.9 billion to stand at USD 229.342 billion for the week ended August 3.

The week before, which ended July 27, forex reserves stood at USD 225.35 billion, up by USD 3.307 billion.

As per figures released by the Reserve Bank of India, foreign currency assets (FCAs) increased by USD 3.892 billion to stand at USD 221.988 billion during week ended August 3.

FCAs in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling and Yen held in reserves.

Gold reserves were up by USD 100 million to stand at USD 6.887 billion while Special Drawing Rights (SDRs) remained unchanged at USD 12 million.

Reserve position in the IMF too remain unchanged at USD 455 million.

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India's forex reserves up by $3.9 billion

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