Forex reserves further dips to US$ 347.21 billion as on 15 January
India's foreign exchange (forex) reserves declined US$ 1.73 billion in the week ended 15 January 2015 to touch a level US$ 347.21 billion. Foreign currency assets dipped US$ 1.72 billion during the week under review to US$ 324.67 billion as on 15 January 2015.Forex reserves have increased US$ 5.57 billion in FY2016 so far, while moved up US$ 25.07 billion over a year ago level.
Gold reserves were flat at US$ 17.24 billion in the week ended 15 January 2015. Meanwhile, the Special Drawing Rights (SDRs) and the country's reserve position in the IMF were also steady at US$ 4.00 billion and US$ 1.30 billion, respectively in the week ended 15 January 2015.
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