Forex reserves up by 3.7 bn USD

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Mumbai, Sep 28 (UNI) India's forex reserves went up by 3.7 billion US dollars to touch USD 235.891 billion, as compared to the previous week's reserves of USD 232.187 billion, the Reserve Bank of India (RBI) said today in its weekly statistical report.

According to the report, Foreign currency assets were also up by USD 3.7 billion at USD 228.572 billion as compared to USD 224.870 billion last week.

Meanwhile, the reserve position of the country with International Monetary Fund (IMF) was marginally up by USD 2 million at USD 436 million, as compared to USD 434 million last week.

Aggregate deposits of scheduled commercial banks were reported static at Rs 27,78,940 crore during the period and gold reserves stood at USD 6,881 billion.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in reserves, the RBI said.

UNI

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