By Priyanka Saurabh On the birthday of Modi Ji, when the whole nation is celebrating happiness, instead of highlighting the merits of our Prime Minister, who emerged as the educated youth unemployed youth leader of Haryana, he was seen agitating in black clothes all day on social media all day. Wearing black clothes, the youth […]
Mumbai, Dec 21 (IANS) India’s foreign exchange (forex) reserves decreased by $192.8 million to $295.51 billion for the week ended Dec 13, Reserve Bank of India (RBI) data showed.
The reserves had soared by $4.40 billion to $295.70 billion in the week ended Dec 6, 2013.
Foreign currency assets, the biggest component of the forex reserves, fell by $191.1 million to $268.56 billion in the week under review, according to the RBI’s weekly statistical supplement.
Foreign currency assets had increased by $5.01 billion to $268.75 billion in the previous week.
According to the RBI, the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies held in reserve such as the pound sterling, euro and yen.
The value of special drawing rights (SDRs) fell by $1.2 million to $4.44 billion during the week under review.
India’s reserve position at the International Monetary Fund (IMF) declined by $0.5 million to $1.90 billion for the week ended Dec 13, 2013.
However, the value of India’s gold reserves remained the same. The reserves had come down by 624.2 million at $20.60 billion during the week ended Dec 6, 2013.