Forex reserves dip to $1.84 billion US | business | Hindustan Times
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Forex reserves dip to $1.84 billion US

business Updated: Feb 20, 2009 23:27 IST
PTI
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India's foreign exchange reserves decreased by $1.840 billion US to reach $249.692 billion US during the week ending February 20 as compared to $251.532 US billion in the previous week.

Foreign currency assets, during the week, dipped by $1.839 billion US to $239.977 billion US, as against $241.816 billion US in the previous week, the RBI weekly report said on Friday.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen, the central bank said.

India's gold reserves during the period, stood unchanged at $8.884-billion US in the week.

The special drawing reserves fell by $ two million US to $ one-million US respectively, the RBI said.

Country's reserve position in the International Monetary Fund increased marginally during the week to $ 830-million US as compared to $829-million US in the week before, RBI said.