Foreign reserves up in October

The Bank of Thailand reported on Friday that foreign reserves as of Oct 4 totalled US$172.5 billion, an increase of $1.4 billion, or 43.7 billion baht, from the previous week.

  • Published: 4/10/2013 at 04:27 PM
  • Newspaper section: breakingnews

The net forward position, reflecting the central bank's status on foreign currency purchases in the futures market, totalled $20.9 billion, putting net foreign reserves at $193.4 billion, it said.

Reserves increased slightly as the BoT had to intervene in the money market to curb the baht's fluctuation by purchasing US dollars on the spot market, the central bank said.

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