India's foreign exchange reserves shrink to $283.64 billion
26 Dec 2009
India's foreign exchange reserves, including gold and special drawing rights (SDR), which is the reserves currency with IMF, fell to $283.643 billion during the week ended 18 December, from $285.742 billion a week earlier, the Reserve Bank of India (RBI) said in its weekly statistical report.
The dip was largely on account of a fall in foreign currency assets, which declined by $2 billion.
Changes in foreign currency assets include the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, pound sterling and yen, the RBI said.
The value of SDR and the reserve capital with IMF dipped $66 million and $18 million, respectively, during the week.
Foreign exchange reserves include India's reserve tranche position in the International Monetary Fund (IMF), the central bank said.
In other developments, the central government has kept its ways and means advances (WMA) account with RBI vacant during the week ended 18 December.
State governments, on the other hand, have hiked their outstanding WMA to Rs58 crore as of 18 December, after keeping it vacant in the previous week.
