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Forex reserves fall for second straight week
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SME Times News Bureau | 12 Jun, 2010
India's foreign exchange reserves fell for the second consecutive week, to USD 271.093 billion, on account of a decline in the foreign currency assets.
"Foreign currency assets, during the week, declined to USD 245.552-billion as compared to USD 247.263-billion in the previous week", RBI said in its weekly report on Friday.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as euro, sterling and yen, held in the reserves, the RBI said.
During the week, gold reserves rose to USD 19.423-billion from USD 18.537 billion last week while the country's special drawing rights declined slightly to USD 4.820-billion as against USD 4.861 billion a week-ago, the RBI said.
India's reserve position in the international monetary fund declined to USD 1.298-billion from USD 1.309 billion in the previous week, the RBI said.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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