Wednesday, November 13, 2013

India's forex reserves down $1.65 bn to $281 bn


India's forex reserves down $1.65 bn to $281 bnMumbai, Nov 9 : India's foreign exchange (forex) reserves declined by $1.65 billion to touch $281.29 billion for the week ended Nov 1, official data showed.
The forex reserves had risen by $1.82 billion to touch $282.95 billion for the week ended Oct 25.
According to the Reserve Bank of India (RBI) Weekly Statistical Supplement, India's foreign currency assets (FCA), the biggest component of the forex reserves, decreased by $894.2 million to $253.60 billion for the week under review.

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