Stock Tips » Forex reserves http://stocktips.co.in/blog Tips and News on stock market for every one Wed, 19 May 2010 18:03:36 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Forex reserves goes up to $276.3 billion http://stocktips.co.in/blog/2009/09/07/forex-reserves-goes-up-to-276-3-billion/ http://stocktips.co.in/blog/2009/09/07/forex-reserves-goes-up-to-276-3-billion/#comments Mon, 07 Sep 2009 13:34:54 +0000 admin http://stocktips.co.in/blog/?p=1307 Foreign exchange reserves went $4.4 billion to $276.3 billion for the week ended August 28 where the increase in the reserves was mostly due to the $4.82 billion rise in special drawing rights (SDRs). However, the International Monetary Fund had increased the SDR allocation for countries last month while this was done so that countries could make use of the allocation in case of liquidity problems.

Similarly, for the week ended August 21, the reserves increased by $932 million to $271.957 whereas the week under consideration, the foreign currency assets declined by $415 million to $260.523 billion. Moreover, foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies. However, gold reserves remained unchanged at $9.67 billion while the reserve position in the IMF decreased by $1 million to $1.347 billion.

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