Forex reserves up by USD 3.73 bn

Mumbai, Nov 16 (UNI) India's forex reserves increased by 3.73 billion US Dollars to touch USD 270.181 billion for the week ended November 9, as compared to USD 266.518 billion in the previous week.

The Reserve Bank of India (RBI) today said in its Weekly Statistical Supplement that the foreign currency assets rose by USD 3.66 billion to USD 261.92 billion from USD 258.264 billion during the same period.

Foreign currency assets, as expressed in dollars, include the effect of appreciation or depreciation in non-US currencies (euro, sterling and yen) held in reserves.

As per the figures released by the RBI, the country's gold assets and SDRs (special drawing rights) remained flat at USD 7.11 and USD 13 million repectively.

During the same period, the reserve position in the international monetary fund (IMF) increased to USD 4 million to USD 434 million.

UNI