Saturday, November 21, 2009

India forex reserves and gold reserve

India forex reserves and gold reserve



It is estimated that approximately 15,000 tons of gold are privately held in India, more than twenty - five times as large as the official Hoard 558 tonnes after the RBI's recent purchase of 200 tonnes from the International Monetary Fund (IMF). In a year's Gold by 53 percent, estimated from $ 742 to $ 1134 one ounces in international markets. In view of this step instead of the value of the country's private gold reserve, the highest in the world, from $ 357 billion to $ 547 billion, company has jumped from an increase of $ 190 billion (RS 7.64 lakh crore).

India's forex reserves rose of 1,667 billion U.S. dollars to 262,306 billion U.S. dollars, ended for the week May 29
Reserves had risen terminated by U.S. $ 6 billion for the week May 22 Following in front of 1734 billion U.S. dollars in the week. Foreign currency, jumped up during the week to 251,456 billion U.S. dollars, up to 1291 billion U.S. dollars, compared to 250,165 billion U.S. dollars in the previous week. Foreign currency expressed in U.S. dollars include the effect of appreciation or depreciation of non-US currencies (such as Euro, Sterling, place) in reserves, RBI said in its weekly report yen. The country's gold reserves during the week went up to 9604 billion U.S. dollars compared to 9231 billion U.S. dollars in the previous week, while the special drawing rights (SDRs) remained unchanged at 1 - million-dollar, state-the central bank said. India's reserve position in the International Monetary Fund (IMF) rose to 1245 billion U.S. dollars compared to 1242 billion U.S. dollars in the previous week, RBI said.

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