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Friday, September 18, 2009

India Forex Reserves Increase 9/18/2009

Friday, the Reserve Bank of India said in a report that the total foreign exchange reserves stood at US$ 280.978 billion as on September 11, larger than the US$ 277.65 billion recorded as on September 4.

At the same time, the foreign currency assets increased to US$ 264.56 billion from US$ 261.66 billion last week. The gold reserves remained unchanged at US$ 9.828 billion.

Meanwhile, nation's reserve position with the International Monitory Fund amounted to US$ 1.37 billion, larger than the US$ 1.35 billion last week.

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