The foreign currency assets had fallen by $19.7 million at $297.51 billion in the previous week (Jan 23). The RBI said 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.
India’s reserve position with the International Monetary Fund (IMF) in the week ended Jan 30 increased by $6.8 million and stood at $1.10 billion. The value of special drawing rights (SDRs) was higher by $24.6 million in the week under review at $4.07 billion. Gold reserves for the week ended Jan 30 was static at $19.37 billion. The foreign exchange reserves had grown by $392 million at $19.37 billion in the week ended Jan 9. (IANS)