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Rediff.com  » Business » India's forex reserves at $200 billion

India's forex reserves at $200 billion

April 13, 2007 19:48 IST

India's forex reserves increased by $1.141 billion to $200.325 billion during the week ended April 6 as against $199.179 billion in the previous week.

Foreign currency assets rose by $1.151 billion to $193.075 billion during the week ended April 6, according to figures released by the Reserve Bank of India in Mumbai on Friday.

The country's forex reserves had increased by $1.43 billion during the week ended March 30. Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling and Yen held in reserves.

Special drawing rights and gold reserves remained static at $2 million and $6.784 billion, respectively.

The reserve position in the IMF stood at $469 million.

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