Friday, 14 November 2014

India Forex Reserves Falls to $315.13 Billion

India’s foreign exchange reserves fell $778.4 million for the week ended November 7 to $315.13 billion while gold reserves remained unchanged at $19.74 billion.

According to a Reserve Bank of India data, India’s foreign currency assets, a key component of reserves, fell $726 million to $289.64 billion.

For the week under review, Special Drawing Rights (SDRs) fell by $38.5 million to $4.23 billion, while the country's reserve position with the International Monetary Fund was down $13.9 million to $1.52 billion.

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