---------- Forwarded message ----------
From: Manoj Das <[EMAIL PROTECTED]>
Date: May 6, 2006 2:01 AM
Subject: BRIC surpasses G7 in Forex and Gold
To: [EMAIL PROTECTED]
Brazil, Russia and China referred to as BRIC group that currently manifests the world's highest economic growth rate, have surpassed G7 countries in their forex/gold holdings for the first time in history. As of end March the aggregate holdings of BRIC amounted to $1292.2 bn. It was 40% above 2004 figures. Reserves of G7 (UK, Germany, Italy, Canada, US, France and Japan) amounted to $
1253.9 Bn.
India's reserves crosed $ 160 Bn yesterday. In the week ended April 18 alone, the surge was up by $3.4 Bn.
--
Manoj Kumar Das
B 109 Gr Floor Rear
Sarvodaya Enclave
New Delhi 110017 India
Tel: 91 11 26533824
Telefax: 91 11 26533829
Hand Phone: 91 9312650558
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