India’s foreign exchange reserves declined by $560 million to $263.92 billion during the week-ended July 10, 2009 mainly due to revaluation in currencies.
According to the latest data by the Reserve Bank of India, foreign currency assets dropped by $559 million to $252.87 billion during the week-ended July 3, 2009.
During the week gold and SDRs remained unchanged. Reserve position in the IMF declined by $1 million to $1.24 billion.
During the curent financial year, forex reserves increased by $11.93 billion. Over the 12 months, however, there has been a decrease of $44.60 billion.
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