RBI’s data published on 8 october 2011 showed that India’s foreign exchange reserves fell for the second consecutive week, going down by $1.23 billion to $311.48 billion, for the week ended 30 September 2011.
The total reserves had fallen by a staggering $4.05 billion to $312.71 billion in the previous week (week ended 23 September 2011). Foreign currency assets, the biggest component of the foreign reserves, were down $1.235 billion to $275.699 billion for the week ended 30 September. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies such as the pound sterling, euro and yen held in reserve.
India's gold reserves were up by USD 348 million at 28.667 billion, while the special drawing rights (SDRs) were up by a marginal USD 7 million to USD 4.504 billion.
The country's reserve position in the International Monetary Fund was down by USD 345 million to 2.612 billion.
The value of special drawing rights (SDRs) rose by $7 million to $4.50 billion during the week ended 30 september 2011.
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