News Column

Foreign reserves in India fell by $1.20 billion

January 27, 2014

The Reserve Bank of India said that foreign reserves declined by $1.20 billion to reach $292.08 billion during the week ended in Jan. 17 . Moreover, forex reserves increased by $177.8 million to $293.28 billion for the week ended in Jan. 10 , adding that the foreign currency assets rose by $190.3 million to $267.14 billion last week. The current changes in India`s foreign exchange reserves came after the recent variable changes in U.S. dollar terms including the effect of appreciation and deprecation of other currencies.

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Source: Financial Markets

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