Indian foreign exchange reserves fall

15 May, 2005

India's foreign exchange reserves fell to 141.48 billion dollars on May 6, from 141.90 billion dollars seen the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday. The central bank said that the foreign currency assets expressed in United States 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.

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