labels: RBI
India's foreign exchange reserves down $1.83 billion at $246 billion news
13 December 2008

Foreign exchange reserves of the country expressed in dollar terms  fell $1.83 billion to $245.86 billion for the week ended 5 December 5, due in part to selling of dollars by the Reserve Bank of India and also due to revaluation of global currencies.

Foreign exchange reserves with the RBI had increased by $1.88 billion to $247.68 billion in the previous week ended 28 November, data provided by RBI's Weekly Statistical Supplement showed.

Foreign currency assets declined by $1.82 billion to $237.15 billion, for the week under consideration.

Gold and SDRs remained unchanged at $7.86 billion and $3 million.

The country's reserve position in the IMF fell by $9 million to $845 million.

In the week under review, the euro weakened against the dollar and yen while the Japanese yen appreciated amidst an inflow of capital.


 search domain-b
  go
 
India's foreign exchange reserves down $1.83 billion at $246 billion