Forex Reserve Rises To $272.28 Bn

Country''s foreign exchange reserves rose by $1.13 billion, for the week ended November 24, to $272.281 billion, from $271.14 billion in the previous week. The forex reserves had gone up by $967 million, for the week ended November 16, to $271.14 billion.

Foreign Currency Assets went up $1.13 billion to $264.031 billion, during the period, while the gold reserves stood at $7.811 billion, RBI''s weekly statistical supplement stated on November 30. Foreign currency assets expressed in US dollar terms included the effect of appreciation or depreciation of other currencies, such as the Euro, Pound Sterling and Yen, held in its reserves. Country''s Reserve Position in the International Monetary Fund (IMF) went up by $3 million, to $436 million, as compared to $433 million, in the previous week.