This article was first published 20 years ago

India's forex reserves drop to $142.17 bn

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India's forex reserves declined by $4 million to stand at $142.17 billion during the week ended November 25 against $142.18 billion during the preceding week.

The reserves were down by $127 million during the preceding week ended November 18 compared to a week ago period.

Foreign currency assets fell by $1 million at $1.35 billion during the 7-day period ended November 25,
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according to figures released by the Reserve Bank.

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling, Yen held in reserves.

Reserve position in the IMF went down by $3 million at $1.3 billion. Gold reserves remained static at $4.8 billion so did SDRs at $4 million.
Source: source

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