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India's forex reserves fell by 1.5 billion April 03, 2009 20:04 IST
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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