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Forex reserves up at $286.376 billion
India"s foreign exchange reserves rose by $0.962 million to $286.376 billion for the week ended November 13 from $285.414 billion in the previous week, the Reserve Bank of India (RBI) said today. - Forex reserves up by $1.023 bn to $285.414 bn - Forex reserves down $1.13 bn - Forex reserves up $684 mn to $285 bn - Capital inflows lessen external sector blues - Forex reserves up by $1.52 bn to $281.86 bn - Forex reserves fall to $280.770 bn Foreign currency assets (FCAs) during the week went up to $262.905 billion as against $261.957 billion in the week-ago period, the RBI said in its weekly report. FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserves. Gold reserves stood unchanged at $17.5 billion, while the special drawing rights (SDRs) went up to $5.270 billion, the RBI said. The country"s reserve position in the International Monetary Fund stood at $701 million during the period under review, the apex bank said.Kwik Quid commented:
Forex is very big company to invest with and many people have faith in the way they manage the portfolio of their customers.and its very exciting to know about the increse the reverse in the Forex.
26.11.2011