Forex reserves down at USD 285.742 bn

Last Updated: Friday, December 18, 2009 - 22:40

Mumbai: India`s foreign exchange reserves
fell by USD 1.632 billion for the week ended December 11, to
USD 285.742-billion against USD 287.374-billion in the
previous week.

The foreign currency assets during the week, declined to
USD 260.866 billion as compared to USD 262.427 billion a week
ago, the RBI said in its weekly report today.

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, the
RBI said.

Gold reserves jumped to USD 18.182-billion this week,
while the country`s special drawing rights slipped to USD
5.247 billion as against USD 5.303 billion a week ago, the RBI
said.

During the week, the country`s reserve position in the
international monetary fund stood at USD 1.447 billion, the
RBI said.

-PTI



First Published: Friday, December 18, 2009 - 22:40
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