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2011-04-05

Nation's forex declines

But the value of Special Drawing Rights (SDRs) increased by USD 3 million to USD 5.23 billion and reserve with the International Monetary Fund (IMF) rose by USD 2 million to USD 2.40 billion.

Nation's foreign exchange (forex) reserves declined by USD 24 million to USD 303.48 billion for the week ended March 25 due to a fall in the value of foreign currency assets.
 
The foreign currency assets, the biggest component of the forex reserves kitty, fell by USD 29 million to USD 273.69 billion during the week under review, according to the weekly statistical supplement of the Reserve Bank of India (RBI).
 
However, the value of Special Drawing Rights (SDRs) increased by USD 3 million to USD 5.23 billion and reserve with the International Monetary Fund (IMF) rose by USD 2 million to USD 2.40 billion.
 
The value of gold reserves remained unchanged at USD 22.14 billion.

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