BANKING/FINANCE: Forex reserves rise $1.03 b.

from BUSINESS LINE, July 31, 2010 Mumbai, July 30 - Foreign exchange reserves were up $1.037 billion to $282.938 billion for the week ended July 23, on account of revaluation gains.

This is the seventh consecutive week during which the reserves have risen.

For the week ended July 16, foreign exchange reserves were up $2.479 billion to $281.901 billion. From June 11 to July 23, the net addition to forex reserves has been $10.155 billion.

According to the Reserve Bank of India's weekly statistical supplement, in the week ended …