Forex reserves plunge by $20.32 bn
Press Trust of India : Sun Nov 11 2012, 00:37 hrs
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The country's foreign exchange reserves plunged by $20.324 billion to $294.34 billion year-on-year in the week to November 2, reflecting the steep fall in the rupee and the market intervention carried out by the central bank during the period.
On a weekly basis, reserves fell by $ 950.3 million to $294.34 billion for the week ended November 2, according to data from the Reserve Bank of India. Foreign currency assets, were down by $1.005 billion to $259.459 billion.
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