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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Indian reserves hit high of $320.78bln

Posted on 12 September 2011

India’s foreign exchange (forex) reserves rose by $1.61 billion to hit an all-time high of $320.78 billion for the week ended September 2 on the back of a nearly $3 billion jump in the value of gold reserves, official data showed.
It was the third consecutive week the forex reserves have risen. The reserves had increased by $955 million in the previous week. The value of gold reserves soared by $2.97 billion to $28.32 billion, according to the weekly statistical supplement of the Reserve Bank of India (RBI)……………………………………….Full Article: Source


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