Forex reserves down $232mn to $272.72bn

Foreign exchange reserves declined $232 million to $272.722 billion during the week ended December 21, according to data released by RBI today.

Foreign currency assets were down $230 million to $263.934 billion.

Gold reserves and SDRs were unchanged at $8.357 billion and $3 million, respectively.

Reserve Position in the IMF was down $2 million at $428 million.