India’s foreign exchange reserves fell $2.22 million to $282.94 billion during the week ended January 22 on account of revaluation of currencies. As a result, foreign currency assets fell $2.18 million to $258.08 billion during the week. Gold remained unchanged while special drawings right declined by $34 million. Reserve position in the International Monetary Fund dropped $10 million to $1.42 billion in the reserve.
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