Forex reserves down $94 million

By Our Corporate Reporter

CHENNAI, OCT. 14. The foreign exchange reserves have declined by $94 million over the previous week to $35,340 millions in the week ended October 6. The decline under this is mainly due to the drop in foreign currency assets by $98 million to $32,504 millions, according to the latest weekly statistical supplement of the Reserve Bank of India.

Foreign currency assets expressed in dollar terms include the effect of appreciation/depreciation of non-U.S. currencies (like Euro, Sterling, Yen) held in reserves, the release added.

While gold holdings have risen by $4 million to $2,834 million, special drawing rights remained unchanged at $2 million.

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Section  : Business
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