Do More With Reuters
Partner Services

TABLE-Asia foreign reserves shrink by $119 bln in Oct

Tue Nov 11, 2008 8:48am IST
 
Email | Print | | Single Page
[-] Text [+]
 SINGAPORE, Nov 11 (Reuters) - Asian holdings of foreign
exchange reserves, excluding those of China's, shrank by $119
billion in October to $2.34 trillion, central bank data showed.
 The decline was led by a $38.9 billion plunge in India's
holdings and a drop of $27.4 billion in South Korea's.
 China, holder of the world's largest reserves, releases
data at the end of every quarter.
 Asia's overall holdings of foreign exchange reserves,
including China's holdings until September, reached $4.2
trillion last month, still up 8 percent from the end of 2007,
data showed.
 For an analysis on Asia's reserves, click [ID:nSP395375]
 Latest foreign exchange reserve holdings:
 Country         Reserves    As at     end-2007    percentage
             $ billion            $ billion       change
 China         1905.60    Sep 30      1528.20       24.70
 Japan          977.72    Oct 31       973.37        0.45
 India          252.88    Oct 31       270.31       -6.45
 Taiwan         278.15    Oct 31       262.22        6.08
 South Korea    212.25    Oct 31       275.56      -22.97
 Singapore      162.20    Oct 31       162.95       -0.46
 Hong Kong      154.90    Oct 31       152.70        1.44
 Malaysia       100.20    Oct 31       101.30       -1.09
 Thailand       103.20    Oct 31        87.60       17.81
 Indonesia       50.58    Oct 31        57.04      -11.33
 Philippines     35.70    Oct 31        33.75        5.78
 Pakistan        06.76    Nov 01        15.74      -57.05
 Bangladesh       5.55    Oct 31         5.51        0.73
 TOTAL        4,245.70               3,926.25        8.14
 Asia ex-China 2,340.1
 * In April 2005, China injected $15 billion in foreign
exchange reserves into the Industrial and Commercial Bank of
China (1398.HK: Quote, Profile, Research) (601398.SS: Quote, Profile, Research), the country's largest lender, to
help it restructure to sell stocks.
 * In December 2003, China used $45 billion of reserves to
bail out Bank of China (3988.HK: Quote, Profile, Research) and China Construction Bank
[CCB.UL] (0939.HK: Quote, Profile, Research).
 Those funds are not included in this figure.
 Sources: central banks.
 (Reporting by Kevin Yao; Editing by Kazunori Takada)

Pigeons fly in front of Taj Mahal hotel in Mumbai November 26, 2009. Mumbai's police paraded past some of the city's landmarks in a show of strength as India's financial hub marked the first anniversary of militant raids that killed 166 people and ratched up tensions with Pakistan. The hotel was one of the sites of the attacks. REUTERS/Arko Datta
One Year Later

Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and ratcheted up tensions with Pakistan.  Slideshow | Full Coverage 

A supporter of Bharatiya Janata Party (BJP) holds a picture of BJP leader Lal Krishna Advani during an election campaign rally in Balasinor, about 90 km (56 miles) east of Ahmedabad, April 14, 2009. REUTERS/Amit Dave
Liberhan Commission Report

The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya.  Full Article 

Thierry Henry's handball scandal

Barcelona's Thierry Henry takes part in a training session at Nou Camp Stadium in Barcelona, November 23, 2009. Barcelona and Inter Milan will play their soccer Champions League match on Tuesday. REUTERS/Albert Gea
FIFA to hold meeting

FIFA to hold an extraordinary meeting before World Cup draw to discuss Thierry Henry's handball in the qualifiers and discovery of match-fixing ring by German police.  Full Article