Forex reserves down $9mn at $203.98bn

Foreign exchange reserves declined $9 million to $203.982 billion for the week ended May 18, according to data released by the Reserve Bank on Friday.

Foreign currency assets were down $8 million at $196.485 billion. Gold reserves and SDRs were unchanged at $7.036 billion and $1 million, respectively. The Reserve Position with the IMF was down $1 milliio n to $460 million.