Forex reserves rose USD 5,474 million to touch USD 281,729 million as on Jan. 11, 2008, primarily as a result of increase in foreign currency and assets collections, on a weekly basis.
As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on Jan. 18, 2008, foreign currency and assets moved up USD 5,473 million to USD 272,964 million.
During the same period, the reserve position in the international monetary fund (IMF) increased by USD 1 million to USD 434 million.
However, SDRs (special drawing rights) and gold reserves remained flat at USD 3 million and USD 8,328 million respectively.
Foreign currency assets expressed in USD include the effect of appreciation or depreciation on non-US currencies (such as Euro, Sterling and Yen) held in reserves.
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