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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Forex reserves in India almost close to $285.1 bln

Posted on 25 January 2010

From Forex-flash.com: The foreign exchange reserves in India rose to $899 million and touching almost $285.1 billion on January 15. This was hugely because of the non dollar worth of assets in the reserves.

These were the latest figures that were released by Reserve Bank of India on Friday. It shows that the foreign exchange reserves mainly comprised of gold and special drawing rights (SDR-reserves currency with the International Monetary Fund) and the foreign currency assets and these rose to $853 million because of the valuation gains in its non-dollar assets………………..Full Article: Source

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