Indias forex reserves at $288.6 bn

Written by fe Bureau | Mumbai | Updated: Jun 30 2012, 06:32am hrs
India's foreign exchange reserves fell to $288.628 billion as of June 22 2012, from $289.396 billion in the previous week, the central bank said in its weekly statistical supplement on Friday. This is a weekly fall of $768 million compared to the rise of $2.018 billion in the previous week.

The foreign currency assets position as of June 22, 2012 stood at $255.783 billion, gold at 25.585 billion, special drawing rights (SDRs) at $4.371 billion and the reserve position in the IMF at $ 2.889 billion.

The Reserve Bank of India's weekly statistical supplement showed reserves dipped mainly due to a fall of $743 million in the bank's foreign-currency assets.

The SDRs fell by $14 million and reserves with the IMF fell $ 9 million. Gold remained stable during the week.