Forex reserves down at 279.91-bn

Foreign currency assets expressed in US dollar include the effect of appreciation or depreciation of non-US currencies such as Euro,Sterling,Yen held in reserves,the central bank said.

During the week,the gold reserves stood unchanged at USD 9.828-billion while Special Drawing Rights SDRs dropped marginally to USD 5.220-billion from USD 5.224-billion the week before,RBI said.

The country8217;s reserves position in the International Monetary Fund stood at USD 1.364-billion during the period,RBI said.