India''s foreign exchange reserves down at $203.991 billion

Mumbai: Foreign exchange reserves of the country went further down this week to $203.991 billion from $204.009 billion last week, the Reserve Bank''s weekly statistical report showed.

Foreign currency assets stood at $196.493 billion while total gold reserves remained unchanged at $7.036 billion.

The country''s reserve position at the International Monetary Fund (IMF) also came down by $1 billion to $461 billion, the report said. The RBI said the foreign currency assets expressed in US dollars included the effect of appreciation or depreciation of other currencies held in its reserves such as Euro, Pound and Yen.

The foreign exchange reserves include India''s reserve tranche position in the International Monetary Fund (IMF).