Foreign exchange reserves of the country dropped by $1.84 billion to $249.692 billion for the week ended 13th February. The reserves have declined after registering an increase for the past two weeks. For the week ended February 6, the reserves had increased by $2.92 billion to $251.532 billion.
Foreign currency assets decreased by $1.839 billion to $239.977 billion, according to the RBI''s weekly statistical supplement. The decrease in the reserves was due to the revaluation of the reserves, as the dollar gained against other currencies in the overseas markets, said a dealer with a private bank. Gold reserves remained unchanged at $8.88 billion. However, SDRs decreased by $2 million to $1 million. The reserve position in the IMF went up by $1 million to $830 million.
Foreign currency assets decreased by $1.839 billion to $239.977 billion, according to the RBI''s weekly statistical supplement. The decrease in the reserves was due to the revaluation of the reserves, as the dollar gained against other currencies in the overseas markets, said a dealer with a private bank. Gold reserves remained unchanged at $8.88 billion. However, SDRs decreased by $2 million to $1 million. The reserve position in the IMF went up by $1 million to $830 million.
No comments:
Post a Comment