India's forex reserves down by USD 1.089 bn

India's forex reserves declined by USD 1.089 billion to USD 261.317 billion for the week ended June 5 as compared to USD 262.306 billion in the previous week. During the period, the foreign currency assets, dipped by USD 1.089 billion to 250.367 billion as compared to USD 251.456 billion in the previous week, the Reserve Bank said in
its weekly data.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies (such as Euro, Sterling, Yen) held in reserves, the
RBI said. The country's gold reserves and special drawing rights (SDR), during the week, stood unchanged at USD 9.604 billion and USD 1 million, respectively, the central bank said. India's reserve position in the International Monetary Fund (IMF) remain same at USD 1.245-billion, the RBI said.