India's foreign exchange reserves fell by $481 million to $254.759 billion for the week ended January 9 from $255.240 billion in the previous week.During the period, the foreign currency assets (FCAs) also decreased by $458 million to $245.417 billion as against $245.417 billion in the previous week, the Reserve Bank of India [Get Quote] said in its weekly report.
The FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen, the RBI said.
The country's gold reserves and special drawing rights (SDR), during the week, remained unchanged at $8.485 billion and $3 million, respectively, it said.
India's reserve position in the International Monetary Fund dropped by $23 million to $854 million from $877 million during the previous week, the apex bank said.
© Copyright 2009 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
|