Forex reserves down at USD 285.742 bn



Forex reserves down at USD 285.742 bn 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