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Saturday, August 10, 2013

India's forex reserves down $2.99 billionMumbai, Aug. 9: Reserves of foreign currency (forex) India decreased by $ 2.99 to 277.16 billion dollars in the week ended August 2, according to data released by the Reserve Bank of India (RBI).


The reserves increased by $ 960.2 million to $ 8.76 billion for the week ended July 26.


Foreign currency assets (FCA) is the largest component of forex-stocks fell $ 2.15 billion in 249.89 billion dollars, showing a weekly statistical annex of the Central Bank.


The FCA has grown to $914,1 million at 252.05 billion dollars the previous week.


The Central Bank said, FCA, in dollar terms, included the effect of appreciation or depreciation of non-us currencies in reserve as the pound, euro and yen.


Gold reserves remained stagnant at $21,55 bln 1.28 billion plunge after the week ended July 5, then fell to USD 808.5 million and stood at 20.74 billion dollars in the reporting week.


Special drawing rights (SDRS), decreased by $ 21.4 million to $ 4.35 billion in the week ended August 2, 2013, while stocks with the International Monetary Fund (IMF) went down by $ 10.7 million to $2,17 billion.


The SDR increased by 30.8 million to $ 4.37 billion in the previous week, while stocks with the IMF were up at $ 15.3 million to $ 2.18 billion.

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