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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

India’s forex reserves rise by $59 mln

Posted on 27 June 2011

India’s foreign exchange (forex) reserves rose by $59 million to $310.56 billion for the week ended June 17 due to increase in the value of foreign currency assets even as the value of special drawing rights (SDRs) and reserves with the International Monetary Fund declined.
The forex reserves have risen for the fourth time in the past five reporting weeks. The country’s foreign exchange reserves kitty had dropped by $2.40 billion for the week ended June 10 after registering a gain of $5.41 billion in the previous three weeks………………………………………..Full Article: Source


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