News: Indian Forex reserves increase by $ 404 m

(PTI 23/09/2006) Mumbai - Forex reserves increased by $ 404 million to stand at $ 165.542 billion during the week ended September 15, as against $ 165.138 billion during the week ended September 8.

The reserves had decreased by $ 1.320 billion during the preceeding week ended September 8, compared to a week ago period.

Foreign currency assets increased by $ 404 million to $ 158.239 billion during the seven day period ended September 15, according to figures released by the Reserve Bank.

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling, Yen held in reserves.

Reserve position in the IMF remain static at $ 764 million.

Gold reserves as well as SDRs remained static at $ 6.53 billion and at $ one million respectively.