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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

India`s forex reserve jumps by US$932mln

Posted on 06 July 2009

From Indiainfoline.com: The foreign currency assets climbed by US$924mn to US$253.7bn, while the nation`s gold reserves were unchanged at US$9.6bn

India’s foreign exchange reserve rose by US$932mn to US$264.6bn in the week ended June 26, partly due to revaluation of non-dollar currencies, and partly owing to the Reserve Bank of India (RBI) buying dollars to check the rupee’s rise………Full Article: Source


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