Forex Reserves Increase $3bn

Mumbai: The accretion to the country''s foreign exchange kitty continued, as reserves increased by $3.169 billion to $284.898 billion, for the week ended Jan 19. The increase is less than the previous week''s increase of $5.47 billion, when the total foreign exchange reserves touched $281.73 billion.The rupee was range-bound against the dollar and traded around the levels of 39.28/29 and 39.30/31 in the week, as the RBI bought dollars in the spot market. According to the RBI data, foreign currency reserves increased by $3.170 billion to touch $276.134 billion.