Mumbai:
Forex reserves of the country decreased by $666 million
to $176.585 billion during the week ended January 5 as
against $177.251 billion during the week ended December
29, 2006, according to figures released by the Reserve
Bank of India (RBI).
The
reserves were up $1.018 billion during the week ended
December 29, compared to the week ago period.
The
reserve position in the IMF went down by one million to
$545 million. Gold reserves and SDRs remained static at
$6.517 billion and $1 million respectively.
The
foreign currency assets include the effect of revaluation
of non-US currencies such as euro, sterling, yen held
in reserves.
Foreign
currency assets were down $665 million at $169.522 billion
during the period ended January 5, 2006 also, RBI said
in a release on its website.
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