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India's forex reserves drop by USD 481 million.


Date: 19-01-2009
Subject: India's forex reserves drop by USD 481 million
New Delhi, Jan 17 (KUNA) -- Indias Central Bank - Reserve Bank of India (RBI) - has said that the countrys foreign exchange (forex) reserves fell by USD 481 million to USD 254.759 billion for the week ended January 9 from USD 255.240 billion in the previous week.

In its weekly report released Today, the Bank said that during the period, the foreign currency assets (FCAs) also decreased by USD 458 million to USD 245.417 billion as against USD 245.417 billion in the previous week.

The FCAs include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen.

The report also disclosed that India's reserve position in the International Monetary Fund (IMF) dropped by USD 23 million to USD 854 million from USD 877 million during the previous week.


Source : Khabrein.info

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