Friday, December 17, 2010

India's Forex Reserves Decrease on week ended December 10

India's foreign exchange reserves decreased as on week ended December 10 from the previous week, a latest report by the Reserve Bank of India showed Friday.

Foreign exchange reserves totaled $295.41 billion, up from $296.3 billion as on December 3.

Foreign currency assets amounted to $266.2 billion, also down from $267.2 billion recorded in the previous week. At the same time, gold reserves remained unchanged at $22.12 billion.

Meanwhile, the nation's reserve position in the International Monetary Fund stayed at $1.97 billion.

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