Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 447 Sun. August 28, 2005  
   
Business


Indian forex reserves fall


India's foreign exchange reserves fell to $143.218 billion on Aug 19 from $144.37 billion a week earlier, the Reserve Bank of India said in its weekly statistical supplement yesterday.

The central bank said foreign currency assets expressed in US dollar terms included the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, pound sterling and yen.

The foreign exchange reserves include India's Reserve Tranche Position (RTP) in the International Monetary Fund, the central bank said.