| 10.10.2011 - India's forex reserves drop by $1.22 bln |
| India's foreign exchange (forex) reserves dropped by $1.22 billion at $311.48 billion for the week ended September 30, registering a sharp decline for the second straight week largely due to revaluation of non-dollar assets, official data showed. The forex reserves had slumped by $4.05 billion during the week ended September 23. The reserves have declined for the third time in the last four weeks under review..............................................Full Article: Source |