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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

India’s foreign exchange reserves rise by $749 mln

Posted on 17 October 2011

India’s foreign exchange reserves rose by $749 million to $312.23 billion for the week ended Oct 7, rising for the first time in three weeks due to gains in foreign currency assets, official data showed.
The forex reserves had slumped by $5.27 billion in the previous two reporting weeks. Foreign currency assets, the biggest component of the forex reserves kitty, rose by $763 million to $276.46 billion for the week ended Oct 7, according to the weekly statistical supplement of the Reserve Bank of India (RBI), the country’s central bank………………………………………Full Article: Source


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