|
|
Forex reserves post highest weekly rise in 13 months |
|
01/04/2009 |
| Foreign exchange (forex) reserves increased by $5.1 billion to $ 253.83 billion during the week ended March 20, the highest weekly rise in the last 13 months. The increase was caused by a revaluation of currencies and an inflow of foreign funds into the equity market.
Recent weeks have seen some accretion.
In rupee terms, the forex reserves declined by Rs 10,983 crore to Rs 12,73,257 crore during the week.
During the current financial year so far, forex reserves have dropped by $50.89 billion. |
|
|
print
this page
