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Forex reserves up $1.349 billion

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July 13, 2007 18:46 IST

India's foreign exchange reserves increased by $1.349 billion for the week ended July 6 to $214.835 billion as against $213.486 billion in the previous week.

Foreign currency assets increased by $1.471 billion to $207.585 billion during the week ended June 29, as per figures released by the Reserve Bank on Friday.

FCAs in dollars include the effect of revaluation of non-US currencies such as euro, sterling and yen held in reserves.

The country's forex reserves had increased by $937 million during the week ended June 29.

Gold reserves, however, came down by $124 million to stand at $6.787 billion for the week ended July 6. Special drawing rights remained static at $1 million. Reserve position in the International Monetary Fund increased by $2 million to stand at $462 million.

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