India Forex Reserves Decline

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12:15 GMT

Feb 2009

India Forex Reserves Decline

(RTTNews) - Friday, the Reserve Bank of India said in a report that nation’s foreign reserves stood at US$ 249.69 billion as on February 13, down from US$ 251.53 billion as on February 6.

At the same time, gold reserves stood unchanged at US$ 8.88 billion. Foreign currency assets amounted to US$ 239.98 billion, smaller than the US$ 241.81 billion recorded in the previous week.

Meanwhile, nation’s reserve position with the International Monetary Fund stood at US$ 830 million, up from US$ 829 million in the prior week.

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