India’s forex reserves fall by $112 million
July 23rd, 2011 - 3:33 pm ICT by IANSMumbai, July 23 (IANS) India’s foreign exchange (forex) reserves declined by 112 million to $314.50 billion for the week ended July 15 due to a sharp drop in the value of foreign currency assets, official data showed.
Foreign currency assets, the biggest component of the forex reserves kitty, dropped by $115 million to $282.29 billion during the week under review, according to the weekly statistical supplement of the Reserve Bank of India (RBI).
The foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve.
However, the value of special drawing rights (SDRs) increased by $2 million to $4.58 billion and reserves with the International Monetary Fund rose by $1 million to $2.95 billion.
The value of gold reserves remained unchanged at $24.66 billion.
- India's forex reserves jump $2.29 bn - Jul 30, 2011
- India's forex reserves slump by $5.72 billion - Nov 13, 2011
- India's forex reserves drop by $1.54 billion - Jul 01, 2011
- Forex reserves drop to 15-month low at $292.52 billion - Jan 21, 2012
- India's forex reserves rise by $858 million - Oct 29, 2011
- India's forex reserves slump by $3.14 bn - Jan 15, 2012
- India's forex reserves slump by $4.05 billion - Oct 01, 2011
- India's forex reserves drop by $326 mn - Nov 20, 2011
- India's forex reserves fall by $2.187 billion - May 12, 2012
- India's forex reserves rise by $758.3 million - May 05, 2012
- India's forex reserves rise by $749 mn - Oct 16, 2011
- India's forex reserves slump by $4.67 billion - Dec 25, 2011
- India's forex reserves decline by $69 million - Dec 17, 2011
- India's forex reserves fall by $971 million - Dec 18, 2010
- India's forex reserves slump by $4.29 billion - Sep 17, 2011
Tags: 1 million, bank of india, currencies, currency assets, depreciation, dollar terms, foreign currency, foreign exchange, forex reserves, gold reserves, international monetary fund, kitty, pound sterling, rbi, reserve bank of india, special drawing rights, statistical supplement, value of gold, yen