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Journalism of Courage
India’s foreign exchange reserves fell by USD 1.632 billion for the week ended December 11,to USD 285.742-billion against USD 287.374-billion in the previous week.
The foreign currency assets during the week,declined to USD 260.866 billion as compared to USD 262.427 billion a week ago,the RBI said in its weekly report today.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro,Sterling,Yen held in reserves,the RBI said.
Gold reserves jumped to USD 18.182-billion this week,while the country’s special drawing rights slipped to USD 5.247 billion as against USD 5.303 billion a week ago,the RBI said.
During the week,the country’s reserve position in the international monetary fund stood at USD 1.447 billion,the RBI said.
