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India`s forex reserves fall by USD 144mn to USD 283.4bn

Last Updated: Friday, January 1, 2010 - 19:22

Mumbai: India`s forex reserves declined by
USD 144-million to USD 283.499-billion in the week ended
December 25 as compared to USD 283.643-billion in the previous
week, RBI said in its weekly report.

During the period, foreign currency assets dipped to USD
258.719-billion, down by USD 132-million, as compared to USD
258.851-billion in the previous week, RBI said.

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 gold reserves of the country stood unchanged at USD
18.182-billion in the week while the special drawing rights
was down by USD 9-million to USD 5.172-billion from USD
5.181-billion in the previous week, the central bank said.

The country`s reserve position in the international
monetary fund declined by USD 3-million to USD 1.426-billion
as compared to USD 1.429-billion in the last week, RBI said.


First Published: Friday, January 1, 2010 - 19:22
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