Forex reserves down at USD 271.239 bn
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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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