Forex reserves dip $224mn to $194.41bn

After a dream run of almost one month, the country's forex reserves dipped by $224 million to $194.410 billion during the week ended March 9 as against $194.634 billion during the week ended March 2.

The reserves were up by $1.51 billion during the week ended March 2 compared to the preceding seven-day period.

The foreign currency assets also decreased by $224 million to $187.058 billion during the seven-day period ended March 9, according to figures released by Reserve Bank of India (RBI).

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling, Yen held in reserves.

Reserve position in the IMF, SDRs and gold reserves remained unchanged at $467 million, $2 million and $6.683 billion respectively.