Advertisement

HindustanTimes Fri,21 Nov 2014

India's forex reserves fall to $319.35bn as of Aug 8: RBI

Reuters  Mumbai, August 15, 2014
First Published: 18:14 IST(15/8/2014) | Last Updated: 19:00 IST(15/8/2014)

India's foreign exchange reserves fell to $319.35 billion as of August 8, compared with $319.99 billion the week earlier, the Reserve Bank of India said on Friday.

Advertisement

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves, the RBI said in its weekly statistical supplement.

Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund.


Advertisement
more from Business

SBI defends $1 billion loan to Adani for Oz coal project, BJP steers clear of controversy

Amid controversy over sanctioning a $1 billion loan (nearly Rs 62,000 crore) to Adani Group, SBI said Thursday it had only signed a preliminary MoU and will disburse the money only after proper due diligence.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved