India's forex reserves down by $2.4 bn

India’s foreign exchange reserves fell by $2.4 billion to $310 billion, mainly on account of revaluation in foreign currency assets in the week ended June 10, 2011. According to the Reserve Bank of India, the country’s foreign currency assets fell by $2.4 billion to $278 billion. The Special Drawing Rights were down by $2 million to $4.6 billion while gold remained unchanged at $24.3 billion. The reserve position in the International Monetary Fund was down by $2 million to $2.9 billion.