 "Forex reserves down $287 mn for week ended Dec 26")
The Reserve Bank of India's (RBI) foreign exchange reserves fell by $287.5 million during the week ending December 26, 2014, to $319.71 billion, according to data released on Friday. Foreign exchange reserves were at $295.71 billion in the last week of December 2013, showing a growth of $24 billion during 2014. Foreign currency assets fell by $271.0 million to $295.40 billion. Gold reserves remained unchanged during the week at $18.99 billion.
For the week under review, Special Drawing Rights fell by $ 13 million to $4.19 billion, while India's reserve position with the International Monetary Fund was down $3.5 million to $1.14 billion.
For the week under review, Special Drawing Rights fell by $ 13 million to $4.19 billion, while India's reserve position with the International Monetary Fund was down $3.5 million to $1.14 billion.
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