Saturday, 11 May 2013

India's foreign exchange reserves declined to $ 206 million

The country's foreign exchange reserves decreased 206 million dollars (11,330 million) and felled to 29.431 million dollars (16.19 lakh crore) that ended last week, the Reserve Bank statistics said which, in the previous week, 160 million dollar ( 8.800 million) was decreased and felled to 29.637 million dollars (16.30 lakh crore). In Valuation week, foreign currency assets decreased to 30 million dollars (1,650 million) and felled to 26.373 million dollars (Rs.14.50 lakh crore). Similarly, gold security too decreased to 172 million dollars and estimated  to be $ 2.397 million. This is due to variation in the value of foreign exchange reserves like US dollar against Euro, Yen, Sterling, the Reserve Bank said.

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