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Forex reserves fall by $127 mn

November 26, 2005 15:25 IST
Source:PTI

India's forex reserves declined by $127 million to stand at $142.18 billion during the week ended November 18 against $142.30 billion during the preceding week.

As on November 11, the reserves were down by $310 million compared to the week-ago period.

Foreign currency assets fell by $123 million at $136 billion during the 7-day period ended November 18, according to figures released by the Reserve Bank of India.

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as euro, sterling and yen held in reserves.

Reserve position in the International Monetary Fund went down by $4 million at $1.3 billion.

Gold reserves remained static at $4.8 billion so did SDRs at $4 million.

Source: PTI
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