Forex reserves fall by $144 mn to $283.4 bn

India's forex reserves declined by $144 million to $283.499 billion in the week ended December 25 as compared to $283.643 billion in the previous week, the Reserve Bank of India (RBI) said in its weekly report.

During the period, foreign currency assets dipped to $258.719 billion, down by $132 million, as compared to $258.851 billion in the previous week, the RBI said.

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.

The gold reserves of the country stood unchanged at $18.182 billion in the week while the special drawing rights was down by $9 million to $5.172 billion from $5.181 billion in the previous week, the central bank said.

The country's reserve position in the international monetary fund declined by $3 million to $1.426 billion as compared to $1.429 billion in the last week, the RBI said.