India's forex reserves dip $112 mn

India’s foreign exchange reserves fell by $112 million to $314 billion for the week ended July 15, according to the Reserve Bank of India. The decline was on the account of revaluation of foreign currency assets that were down by $115 million to $282 billion during the reporting period. Gold reserves were at $24.7 billion, unchanged for two consecutive weeks. However, the special drawing rights were up by $2 million from the last week to $4.6 billion.