India’s forex reserves decline by $ 739.2 million to $ 414.147 billion

Reversing a nine-week uptrend, India’s foreign exchange reserves declined by $ 739.2 million to $ 414.147 billion during the week ended April 19, the Reserve Bank of India (RBI) said here today.
The country’s forex reserves had gone up by $ 1.105 billion to $ 414.886 billion during the previous week.
In its weekly statistical supplement issued here today, the central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, had gone down by $ 728.6 million to $ 386.034 billion during the week.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
According to the bulletin, the country’s gold reserves remained unchanged at $ 23.303 billion, while its special drawing rights (SDRs) went down by $ 3.2 million to $ 1.4556 billion.
India’s reserve position in the International Monetary Fund (IMF) decreased by $ 7.4 million to $ 3.3546 billion, the bulletin added.

(Our News Desk can be contacted at

Did you like this story? Make a donation and help us to serve you better.


Post new comment

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <canvas>
  • Lines and paragraphs break automatically.

More information about formatting options

© Copyright 2012 NetIndian. All rights reserved. Republication or redistribution of NetIndian content, including by framing or similar means, is expressly prohibited without the prior written consent of NetIndian Media Corporation. Write to info[AT]netindian[DOT]in for permission to use content. Read detailed Terms of Use.