India Saturday 03 April 2010 - India’s foreign exchange reserves declined by $ 1.151 billion to $ 277.042 in the week ended March 26 from $ 278.193 billion in the previous week, the Reserve Bank of India (RBI) said today.
In data published in its weekly bulletin, the RBI said the country’s foreign currency assets dropped by $ 1.09 billion from $ 253.845 billion in the previous week to $ 252.755 billion in the week ended March 26.
It said foreign currency assets expressed in US dollar terms included the effect of appreciation/depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves.
According to the bulletin, the country’s gold reserves remained unchanged at $ 17.920 billion while its special drawing rights (SDR) declined by $ 48 million to $ 4.991 billion from $ 5.039 billion in the previous week.
India’s reserve position in the International Monetary Fund (IMF) declined by $ 13 million to $ 1.376 billion from $ 1.389 billion in the previous week, the bulletin added.
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