Forex reserves down $224 million to $194.41 billion
17 Mar 2007
Mumbai: The country's forex reserves fell by $224 million to $194.410 billion during the week ended March 9 as against $194.634 billion during the week ended March 2.
The reserves were up by $1.51 billion during the week ended March 2 compared to the preceding seven-day period.
The foreign currency assets also decreased by $224 million to $187.058 billion during the seven-day period ended March 9, according to figures released by Reserve Bank of India (RBI).
Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling, Yen held in reserves.
Reserve position in the IMF, SDRs and gold reserves remained unchanged at $467 million, $2 million and $6.683 billion respectively.,
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