India's foreign exchange reserves down to USD 362.987 bn from USD 887.2 mn

India's foreign exchange reserves declined by 887.2 million dollars to 362.987 billion dollars in the week ended 9th December. A RBI press release has informed that foreign currency assets, a major part of the overall reserves fell by 873 million dollars to 339.258 billion dollars. In the previous week too, the reserves had declined by 1.431 billion dollars to 363.874 billion dollars.

class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">Gold reserves remained steady at 19.982 billion dollars. India's special drawing rights with the International Monetary Fund decreased by 5.4 million dollars to 1.438 billion dollars, while the country's reserve position also dipped by 8.8 million dollars to 2.307 billion dollars.