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India Foreign exchange reserves falls by $ 129 bn
09 August 2008
India's foreign exchange reserves fell by $.129 billion at $ 305.474 billion for the week ended August 1, registering a drop for the third consecutive week.
The foreign currency assets (FCAs), during the week, declined by $1.653 billion at $ 295.216 billion, Reserve Bank of India (RBI) said in its weekly report today.
The FCAs expressed in USD terms include the effect of appreciation/depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves, it said.
The gold reserves, however, jumped 527 million at $9.735 billion in the period under review from $9.208 billion in the previous week.
During the seven-day period, the special drawing rights remained static at $11 million, the apex bank said.
India's reserve position in the International Monetary Fund (IMF) declined by $3 million at $512 million, RBI s
09 August 2008
India's foreign exchange reserves fell by $.129 billion at $ 305.474 billion for the week ended August 1, registering a drop for the third consecutive week.
The foreign currency assets (FCAs), during the week, declined by $1.653 billion at $ 295.216 billion, Reserve Bank of India (RBI) said in its weekly report today.
The FCAs expressed in USD terms include the effect of appreciation/depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves, it said.
The gold reserves, however, jumped 527 million at $9.735 billion in the period under review from $9.208 billion in the previous week.
During the seven-day period, the special drawing rights remained static at $11 million, the apex bank said.
India's reserve position in the International Monetary Fund (IMF) declined by $3 million at $512 million, RBI s