India’s foreign currency reserve is up 1.263 Billion USD

India’s forex reserve has risen from last week’s figure of 291070.3 million USD to 292330.4 million USD for the week ending 7th February 2014. The net increase of 1.263 billion is a good sign as compare to last week’s decrease of 1.16 billion.

Gold reserve which is 20075.7 million dollar this week remains unchanged compare to last week.

SDRs which were 4428.7 million dollar last time have increased to 4430 million this week ending 7th February, 2014.

Similarly reserve positions in the IMF have also increased by 1.5 million USD to reach 1995.3 million by the week ends.

So the overall increase in total reserve mainly is due to the forex increase.

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