Rediffmail Money rediffGURUS BusinessEmail

India's forex reserves down at $277 billion

April 02, 2010 19:27 IST
Source:PTI

India's foreign exchange reserves fell by $1.151 billion to $277.042 billion for the week ended March 26, against $278.193 billion in the previous week.

The foreign currency assets, during the week, slipped to $252.755-billion, against $253.845-billion in the week-ago period, the Reserve Bank said in its weekly report.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as Euro, Sterling and Yen held in the reserves, the apex bank said.

During the week, country's gold reserves remained static at $17.920 billion while special drawing rights declined further to $4.991 billion from $5.039 billion in the week-ago period, the RBI said.

India's reserve position in the International Monetary Fund declined to $1.376-billion from $1.389-billion a week ago, the RBI said.

Source: PTI
© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

More News Coverage

RBIInternational Monetary FundIndiaReserve BankUS

RELATED STORIES

WEB STORIES

Fierce Queens Of India: 8 More

The World's 7 Truly Fairytale Castles

When Life Gives You Lemons, Eat Them: 8 Benefits

VIDEOS

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email