Forex reserves down at USD 271.239 bn

Last Updated: Friday, August 14, 2009 - 19:46

Mumbai: India`s foreign exchange reserves fell for the week ended August 7 to USD 271.239 billion compared to USD 271.641 billion in the year-ago period.
Reserves had risen by USD 3.930 billion for the week
ended July 31, compared to USD 267.711 billion in the
previous week.

Foreign currency assets, during the week, fell to USD
260.219 billion, against USD 260.631 billion in the previous
week, RBI said in its weekly report.

Foreign currency assets expressed in US dollar terms
include the effect of appreciation or depreciation of non-US
currencies (such as Euro, Sterling, Yen) held in reserves, RBI
said.

The country`s gold reserves and special drawing rights
(SDR), during the week, stood unchanged at USD 9.671 billion
and USD 1-million respectively, the central bank said.

India`s reserve position in the International Monetary
Fund (IMF) marginally rose to USD 1.348 billion compared to
USD 1.338 billion in the previous week, RBI said.

Bureau Report



First Published: Friday, August 14, 2009 - 19:46

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