Forex reserves further declines to US$ 348.93 billion as on 08 January
India's foreign exchange (forex) reserves declined US$ 1.43 billion in the week ended 08 January 2015 to touch a level US$ 348.93 billion. Foreign currency assets eased US$ 1.43 billion during the week under review to US$ 326.40 billion as on 08 January 2015.Forex reserves have increased US$ 7.30 billion in FY2016 so far, while jumped US$ 29.46 billion over a year ago.
Gold reserves were flat at US$ 17.24 billion in the week ended 08 January 2015. Meanwhile, the Special Drawing Rights (SDRs) and the country's reserve position in the IMF were also unchanged at US$ 4.00 billion and US$ 1.30 billion, respectively in the week ended 08 January 2015.
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