India's forex reserves dip marginally

India's foreign exchange reserves fell by $192.8 million to $295.51 billion during the week ended December 13, due to decline in currency assets. The currency assets stood at $268.56 billion, according to Reserve Bank of India data. The value of gold reserves was $20.6 billion. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves, RBI said in its weekly statistical supplement.

Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF).