By KUNA
New Delhi : India’s foreign exchange reserves increased by USD 2.837 billion for the week-ending December 28, 2007, to reach USD 275.559 billion. The reserves had earlier decreased by USD 232 million for the week ending December 21,’08 and by USD 599 million for the week ending December 14,’08 according to data released Saturday by India’s central bank “Reserve Bank of India (RBI).” Foreign Currency Assets (FCAs) increased by USD 2.833 billion to USD 266.
767 billion against USD 263.934 billion a week ago, according to the RBI data. India’s reserve position in the International Monetary Fund increased by four million dollars to reach USD 432 million during the current week, the RBI said.
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