Due to the increase in foreign currency and assets collections, forex reserves climbed up USD 2,225 million to USD 303,460 million as on Mar. 7, 2008, on a weekly basis.

According to the RBI’s weekly statistical supplement issued on Mar. 14, 2008, foreign currency and assets went up USD 2,221 million to USD 293,471 million.

At the same period, the reserve position in the international monetary fund (IMF) climbed by USD 4 million to USD 431 million.

On the other hand, gold reserves remained flat at USD 9,558 million.

Foreign currency assets that are expressed in USD take in the effect of admiration or reduction on non-US currencies (such as Euro, Sterling and Yen) held in reserves.