India's forex kitty down $167 million

India’s foreign exchange (forex) reserves went down by $163.7 million to $294.87 billion for the week ended October 12, RBI data shows.

Forex went up by $227.3 million for the week ended Oct 5, and by $837.8 million to $294.81 billion for the week ended September 28.

However, foreign currency assets (FCA) fell $150.1 billion to $260.02 billion in the week under review, according to the weekly statistical supplement released by RBI.

The FCA were up by $218.3 million to $260.17 billion for the week ended October 5.  The value of gold reserves remained unchanged at 28.13 billion in the week ended October 12. The reserves had zoomed by $1.89 billion in the week ended September 28.

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