Bloomberg News

India’s Foreign Reserves Rose $749 Million to $312.23 Billion

October 14, 2011

Oct. 14 (Bloomberg) -- India’s foreign-exchange reserves rose $749 million to $312.2 billion in the week ended Oct. 7, the Reserve Bank of India said in an e-mailed statement today.

Foreign-currency assets rose $763 million to $276.5 billion, while the nation’s gold reserves were unchanged at $28.7 billion, the central bank said.

India’s special drawing rights with the International Monetary Fund decreased $9 million to $4.5 billion while its reserves with the IMF contracted $5 million to $2.61 billion.

Total reserves climbed by $16.4 billion in the past year, the bank said.

To contact the reporter on this story: Kartik Goyal in New Delhi at kgoyal@bloomberg.net

To contact the editor responsible for this story: Hari Govind at hgovind@bloomberg.net


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