Forex reserves down $2.2 bn

Written by fe Bureau | Mumbai | Updated: Jan 31 2010, 05:18am hrs
The countrys foreign exchange reserves fell $2.2 billion to $282.9 billion in the week ended January 22, the RBI said in its weekly statistical supplement, released on Friday. While foreign currency assets fell $2.2 billion to $258.1 billion, gold reserves remained unchanged at $18.3 billion, the central bank said. Special drawing rights with the International Monetary Fund fell $34 million to $5.1 billion, while its reserves with the IMF fell $10 million to $1.4 billion. Total reserves jumped $35.3 billion in the past year, the bank said. Assets comprise of overseas currencies, gold and special drawing rights with the IMF.

The rupee climbed 0.4% to 46.18 against the dollar at the close as the central bank held interest rates at record lows.