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| Forex reserves down at $271.239 bn |
| Press Trust of India / Mumbai Aug 14, 2009, 19:44 IST |
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India's foreign exchange reserves fell for the week ended August 7 to $271.239 billion compared to $271.641 billion in the year-ago period.
Reserves had risen by $3.930 billion for the week ended July 31, compared to $267.711 billion in the previous week.
Foreign currency assets, during the week, fell to $260.219 billion, against $260.631 billion in the previous week, RBI 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, Yen) held in reserves, RBI said.
The country's gold reserves and special drawing rights (SDR), during the week, stood unchanged at $9.671 billion and $1 million, respectively, the central bank said.
India's reserve position in the International Monetary Fund (IMF) marginally rose to $1.348 billion compared to $1.338 billion in the previous week, RBI said.
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