Economy | Forex reserves decline $2.2 bn to $253 bn

Economy | Forex reserves decline $2.2 bn to $253 bn
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First Published: Fri, Apr 17 2009. 11 46 PM IST
Updated: Fri, Apr 17 2009. 11 46 PM IST
Mumbai: India’s foreign-exchange reserves fell $2.2 billion (Rs10,934 crore) to $253 billion in the week ended 10 April, the central bank said.
Foreign currency assets declined $2.17 billion to $242.4 billion, while the nation’s gold reserves held at $9.6 billion, the Reserve Bank of India said in an emailed statement. India’s special drawing rights with the International Monetary Fund (IMF) were unchanged at $1 million, while its reserves with the IMF dropped $9 million to $976 million.
The change in foreign currency assets is partly because of fluctuations in the value of the dollar against the euro, yen and other currencies during the period, the central bank said.
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First Published: Fri, Apr 17 2009. 11 46 PM IST