India's forex reserves down at $284.3 billion



India`s forex reserves down at $284.3 billion Mumbai: India's foreign exchange reserves fell to USD 284.391 billion for the week ended October 30.

In the previous week, it stood at USD 285.520 billion.

Foreign currency assets during the period declined to USD 266.768 billion as compared to USD 268.348 billion in the previous week, 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 during the week went up to USD 10.800 billion as compared to USD 10.316 billion while the Special Drawing Rights (SDRs) fell to USD 5.242 billion as against USD 5.267 billion, the RBI said.

India's reserve position in the international monetary fund fell to USD 1.581 billion from USD 1.589 billion last week, the central bank said.

Bureau Report