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India's forex reserves fell by 1.5 billion

April 03, 2009 20:04 IST

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India's forex reserves declined by $1.5 billion to $252.326 billion for the week ended March 27 compared to $ 253.826 billion a week ago.

During the period, the foreign currency assets were $241.597 billion, down by 1.641 billion, against $243.238 billion in the previous week, Reserve Bank of India [Get Quote] said in its weekly data.

FCAs expressed in dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen.

India's gold reserves and special drawing rights in the week remained unchanged at $9.746 billion and $1 million respectively, the central bank said.

The country's reserve position in the International Monetary Fund increased by $141 million to $982 million in the week compared to $841 million in the previous week.



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