| Date: |
12-06-2010 |
| Subject: |
India`s forex reserves fall further by USD 877 mn |
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India`s forex reserves decreased further by USD 877 million to stand at USD 271,093 million as on June 4, 2010 mainly on account of sharp fall in foreign currency assets.
As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on June 11, 2010, foreign currency assets plunged by USD 1,711 to stand at USD 245,552 million.
During the same period, reserve position in the International Monetary Fund (IMF) decreased by USD 11 million to stand at USD 1,298 million. Special Drawing Rights (SDRs) decreased by USD 41 million to stand at USD 4,820 million.
However, gold reserves increased by USD 886 million to stand at USD 19,423 million.
Foreign currency assets expressed in USD include the effect of appreciation or depreciation on non-US currencies (such as Euro, Sterling and Yen) held in reserves.
Source :- myiris.com/newsCentre
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