DEZ
Forex reserves increase by USD 496 million
Mumbai, Feb 10:
India's forex reserves increased by US dollar 496 million to stand at US dollar 139,977 million during the week ended February 3, 2006 against USD 1,39,481 million during the week ended January 27, 2006.
The reserves had increased by USD 37 million during the preceding week ended January 27, 2006 compared to a week ago period.
Foreign currency assets increased by USD 94 million to USD 133.375 billion during the seven-day period ended February 3, according to figures released by the Reserve Bank of India.
Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling, Yen held in reserves.
Reserve position in the IMF decreased by USD four million to USD 917 million.
Gold reserves increased by USD 406 million to stand at 5680 million, while SDRs remained static at USD five million, it added.
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