Business Daily from THE HINDU group of publications
Saturday, Sep 30, 2006
ePaper
Business Daily from THE HINDU group of publications Saturday, Sep 30, 2006 ePaper |
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Money & Banking - Forex Forex reserves up $940 m Our Bureau
Mumbai , Sept. 29 Forex reserves increased by $940 million to touch $166.482 billion for the week ended September 22, according to the Reserve Bank of India's Weekly Statistical Supplement. In the earlier week, reserves stood at $165.542 billion. The week saw good dollar inflows into the domestic bourses, explaining the rise in reserves, said the head of treasury at a private sector bank. According to RBI data, foreign currency assets increased by $936 million to touch $159.175 billion during the week. Foreign currency assets expressed in US dollars include the effect of appreciation/depreciation of non-US currencies (such as euro, sterling, yen) held in reserves. FII inflows into equities came to $311.3 million. Gold reserves and SDRs were unchanged at $6.538 billion and $1 million respectively. The reserves with the IMF moved up by $4 million to $768 million.
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