Mumbai: India's foreign exchange reserves fell by $284 million in the second week of 2012 to $293.2 billion, which is below the yearly low of 2011.
As of January 20, the country's total reserves is at $293.257 billion compared with $ 299.395 billion in the same period last year.
According to the RBI data, the reserves hit the second lowest in the last week of 2011 when it reached $296.668 billion, however it has reached a new low now.
Foreign currency assets expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in reserves, the central bank said. The total reserves include foreign currency assets, gold, special drawing rights and reserve position in the IMF.
Source : financialexpress.com