RBI's forex reserves now stands at USD 193 billion

Mumbai, Mar 2 (UNI) The Reserve Bank of India today released the data showing Foreign currency assets as on February 23, 2007, expressed in both Rupee and US dollar terms including the effect of appreciation or depreciation as applicable of non-US currencies such as Euro, Sterling and Yen held in reserves.

Accordingly, total reserves in Rupee terms stood at Rs 8,55,080 crore and in dollar terms at USD 1,93,124 million, a RBI press release here said.

Of the total reserves, foreign assets in Rupee terms stood at Rs 8,24,174 crore, while gold at Rs 28,840 crore, SDRs (special drawing rights) at Rs eight crore and Reserve position in IMF (International Monetary Fund) at Rs 2,058 crore.

Similarly in dollar terms, foreign assets accounted for USD 1,86,128 million, gold at USD 6,529 million, SDRs at USD two million and Reserve position at IMF at USD 465 million.

UNI