India's forex reserves slips marginally to $361 bn last week

Chennai: India's foreign exchange reserves went down marginally by $970 million to $361 billion as on 13 May, the Reserve Bank of India (RBI) said.[caption id="attachment_2334664" align="alignleft" width="380"] AP[/caption]According to RBI's foreign exchange data, the reserves stood at $361.02 billion as on 13 May, against $361.99 billion as on 6 May.On 13 May, the foreign currency assets stood at $337.04 billion, gold $20.04 billion, special drawing rights $1.50 billion and the reserve position with the International Monetary Fund (IMF) stood at $2.43 billion.On the other hand, the foreign exchange reserves as on 6 May, comprised foreign currency assets that stood at $337.99 billion, gold at $20.04 billion, special drawing rights at $1.51 billion and the reserve position with the IMF at $2.44 billion.