Live Markets »News & Advice»Economy News»Economy News Details
Economy News Details

Forex reserves up

Press Trust Of India/Mumbai 18 Aug 12 | 12:13 AM

India’s foreign exchange reserves rose $17.8 million to $289.17 billion for the week ended August 10, the Reserve Bank of India said. The reserves had increased $502 million to $289.15 billion in the previous reporting week. Foreign currency assets, a major component of the reserves, were down $34.1 million to $256.92 billion for the week under review, RBI said.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.

Related Stories

    No Related Stories Found
Widgets Magazine

Gold reserves were unchanged at $25.71 billion, the apex bank said. For the week under review, special drawing rights were down by $1.5 million to $4.348 billion, while the country’s reserve position with the IMF was up by a surprising $53.4 million to $2,187 million, the apex bank data showed.

Widgets Magazine


Company Price Gain (%)
Dr Reddy's Labs2,313.603.33
Tata Steel687.651.64
St Bk of India270.551.03


Given the current crisis at Infosys, what would your investment strategy in the company's stock be?

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine