Forex reserves decline to $295.50 bn for the week ending Dec 20

Foreign currency assets fell by $ 94.7 million to $268.47 billion

Foreign exchange reserves fell in the week ending December 20 by $ 12.6 million to $ 295.50 billion, shows Reserve Bank of India (RBI) data released Friday.

Foreign currency assets, a key component of reserves fell by $ 94.7 million to $268.47 billion. Gold reserves remained unchanged at $ 20.63 billion.

For the week under review, the Special Drawing Rights (SDRs) fell by $ 9.1 million to $ 4.43 billion, while India's reserve position with the International Monetary Fund was up $ 91.2 million to $ 2 billion.