Forex reserves drop $1.16bn to $142.62bn

Foreign exchange reserves declined $1.156 billion to $142.618 billion for the week ended November 4, according to the weekly supplement released by the RBI today.

Foreign curreny assets declined $1.212 billion to $136.420 billion. While gold reserves increased $152 million to $4.864 billion, SDRs were unchanged at $ 4 million.

The Reserve Tranche Position with the IMF declined $96 million to $1.330 billion.