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Forex reserves drop to $162.962 bn
May 27, 2006 18:51 IST
Foreign exchange reserves declined $793 million to $162.962 billion for the week ended May 19, according to the weekly supplement released by RBI on Friday.
Foreign currency assets dropped $787 million to $155.879 billion. While gold reserves were unchanged at $6.301 billion, the Reserve Position in IMF was down $6 million to $782 million.