Saturday 29 September 2012

Currency trading supplies slide $500 mn to $293.97 bn


INDIA: The currency trading supplies dropped by $502.4 thousand to $293.97 billion dollars due to fall in the forex resources, according to Source Financial institution information launched on Saturday.

The total supplies had increased $2.44 billion dollars to $294.47 billion dollars in the previous confirming 7 days.

Foreign forex resources, a major component of the Currency trading supplies, were down by $485.6 thousand to $261.03 billion dollars for the 7 days ended Sept 21, RBI's every week mathematical supplement revealed.

Foreign forex resources indicated in US dollar terms include the effect of admiration or devaluation of the non-US foreign exchange, such as the european, lb and yen, held in the supplies, the top bank said.

The gold supplies stayed the same at $26.24 billion dollars during the 7 days, the top bank said.

For the 7 days under review, the special illustrating rights (SDRs) were down by $11.2 thousand to $4.460 billion dollars, while the nation's reserve position with the IMF was also down $5.6 thousand to $2.243 billion dollars, the top bank information revealed.

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