India's forex reserves down $287.5 mn

Foreign currency assets fell by $271.0 million to $295.40 billion.

The Reserve Bank of India's foreign exchange reserves fell by $287.5 million during the week ending December 26, 2014, to $319.71 billion, according to data released on Friday.

Foreign exchange reserves were at $295.71 billion in the last week of December 2013, showing a growth of $24 billion during 2014.

Foreign currency assets fell by $271.0 million to $295.40 billion.

Gold reserves remained unchanged during the week at $18.99 billion.

For the week under review, Special Drawing Rights fell by $ 13 million to $4.19 billion, while India's reserve position with the International Monetary Fund was down $3.5 million to $1.14 billion.