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Saturday, August 31, 2013

India's forex reserves down $1.08 billion

India's foreign exchange (forex) reserves decreased by $1.08 billion to $277.72 billion for the week ended Aug 23, according to data released by the Reserve Bank of India (RBI).


The reserves had increased by $205.8 million to $278.80 billion for the week ended Aug 16. 

The foreign currency assets (FCA) - the biggest component of the forex reserves - fell by $1.07 billion to $250.48 billion, the weekly statistical supplement of the central bank showed. 

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