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India's forex reserves zoom to $172.782 bn

December 02, 2006 15:30 IST
Foreign exchange reserves zoomed from a meagre $2.427 billion to $172.782 billion for the week ended November 24, according to the weekly statistical supplement released by the Reserve Bank of India on Saturday.

Foreign currency assets moved up $2.424 billion to $166.061
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billion. Gold reserves and SDRs were unchanged at $6.068 billion and $1 million, respectively.

The Reserve Tranche Position with the IMF increased $3 million to $652 million.
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