Press Trust of India / Mumbai Jun 11, 2010, 18:55 IST
Country's foreign exchange reserves fell for the second consecutive week, to $271 billion, on account of a decline in the foreign currency assets.
"Foreign currency assets, during the week, declined to $245.5 billion as compared to $247.2 billion in the previous week", RBI said in its weekly report today.
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 RBI said.
During the week, gold reserves rose to $19.4 billion from $18.5 billion last week while the country's special drawing rights declined slightly to $4.820 billion as against $4.8 billion a week-ago, the RBI said.
India's reserve position in the international monetary fund declined to $1.2 billion from $1.3 billion in the previous week, the RBI said.
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