Business Daily from THE HINDU group of publications
Saturday, Dec 23, 2006

Cross Currency

Group Sites

Money & Banking - Forex
Forex reserves rise by $75 m

Our Bureau

Mumbai , Dec. 22

Forex reserves have increased by $75 million to $175.519 billion, for the week ended December 15, due to a rise in foreign currency assets. Last week, forex reserves dropped by $45 million to $175.444 billion.

Foreign currency assets expressed in dollars include the effect of appreciation or depreciation in non-US currencies (such as euro, sterling and yen) held in reserves. Foreign currency assets have increased by $79 million to touch $168.479 billion, according to the RBI Weekly Statistical Supplement. "The rise in foreign exchange kitty was due to revaluation of overseas currencies against the dollar," said a dealer at a private bank.

Gold and SDRs were unchanged at $6.494 billion and $1 million, respectively. India's reserve position in the IMF decreased by $4 million to $545 million.

Dealers expect the rupee to be in the 44.40-45 range next week.

More Stories on : Forex

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Award for Canara Bank

Forex reserves rise by $75 m
Rupee gains marginally
Bank of Maharashtra insurance foray
ICICI Lombard to tap rural rich
GIC move to rein in third party claims
Foreign investments up to 49 pc allowed in stock exchanges
Drive to cut NPAs
HDFC Bank opens 2 branches in Kerala
UTI Bank's NRI fest in Mangalore
TMB opens 4th branch in Tuticorin
Syndicate Bank to get $100-m credit line from Wachovia
Gross bank credit up Rs 25,768 cr
Kerala: MLAs urge bankers to improve credit delivery
Call rates spurt on tight liquidity
T-bills auction announcement
PNB hikes fixed deposit rates
Shamrao Vithal to buy Bangalore-based co-op bank

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line