India’s foreign exchange reserves fell $ 950.3 million to $ 294.34 billion for the week ended November 2, according to Reserve Bank of India (RBI)data.
Foreign currency assets, a major component, were down by $ 1,005.8 million to $ 259.459 billion. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves. Gold reserves increased $ 56.4 million to $ 28.189 billion.
(Published 11 November 2012, 16:25 IST)