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Forex reserves rise for 2nd week, jump by $1.46 bn to $283.6 bn

Mumbai: Forex reserves jumped for the second consecutive week by adding $1.459 billion in the week to November 15, taking the overall reserves to a healthy $283.57 billion, on account higher foreign currency assets.In the

India TV News Desk [ Updated: November 23, 2013 16:03 IST ]
forex reserves rise for 2nd week jump by 1.46 bn to 283.6 bn
forex reserves rise for 2nd week jump by 1.46 bn to 283.6 bn

Mumbai: Forex reserves jumped for the second consecutive week by adding $1.459 billion in the week to November 15, taking the overall reserves to a healthy $283.57 billion, on account higher foreign currency assets.






In the week-ago period, reserves rose by $819.5 million to $282.113 billion.

According to the Reserve Bank of India data, foreign currency assets, which form the largest chunk of the reserves, rose $1.465 billion to $255.90 billion in the week under review.

Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.

Gold reserves stood unchanged at $21.227 billion in the week ended on November 15, reflecting the tepid movement in prices.

The special drawing rights fell by $3.9 million to $4.411 billion.

The country's reserve position with the International Monetary Fund also fell by $2 million to $2.029 billion in the week under review, the central bank's data showed.

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