Forex reserves declines for the second straight week after US$ 1.33 billion fall in the previous week ended 12 September
India's foreign exchange (forex) reserves dipped US$ 1.62 billion to US$ 315.698 billion in the week ended 12 September 2014. Foreign currency assets fell US$ 1.60 billion during the week under review to US$ 288.765 billion as on 12 September 2014.Forex reserves have increased US$ 11.475 billion in FY2015 so far, while jumped US$ 40.347 billion in the calendar year 2014 so far.
Gold reserves were flat at US$ 20.933 billion in the week ended 12 September 2014. Meanwhile, the Special Drawing Rights (SDRs) and the country's reserve position in the IMF eased slightly to stand at US$ 4.333 billion and US$ 1.667 billion, respectively in the week ended 12 September 2014.
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