MUMBAI, Nov 9 (Reuters) - India's foreign exchange reserves
rose to a record $266.518 billion on Nov. 2, from $262.45
billion a week earlier, the Reserve Bank of India said in its
weekly statistical supplement on Friday.
Analysts said a part of the increase in reserves was due to
the heavy intervention by the central bank to check the rupee's
<INR=IN> rise, which hit a near decade high of 39.16 on
Wednesday.
The central bank said foreign currency assets expressed in
U.S. dollar terms included the effect of appreciation or
depreciation of other currencies held in its reserves such as
the euro, pound sterling and yen.
The foreign exchange reserves include India's Reserve
Tranche Position in the International Monetary Fund, the central
bank said.
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FOREIGN EXCHANGE RESERVES (in million U.S. dollars)
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Nov. 2 Oct. 26 Nov. 3
2007 2007 2006
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Foreign currency assets 258,264 254,629 160,391
Gold 7,811 7,367 6,068
SDRs 13 13 7
Reserve Tranche Position 430 441 650
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Total 266,518 262,450 167,116
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((Reporting by Mumbai Treasury Desk, editing by Ron Askew)
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Keywords: INDIA RESERVES/