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Our Bureau

Mumbai , Oct. 13

Forex reserves decreased by $30 million to $165.275 billion for the week-ended October 6, mainly due to a drop in foreign currency assets. In the previous week, reserves had fallen by $1.177 billion to touch $165.305 billion.

Foreign currency assets fell by $30 million to touch $158.310 billion during the week, according to RBI's Weekly Statistical Supplement.

"There was a revaluation of currencies during the week under consideration," said a dealer at a private bank. Non-US currencies strengthened against the dollar. The euro traded between $1.2680-$1.2743. FII outflows were put at about $111.4 million.

The gold reserves remained at $6.202 billion. The reserve position in IMF also remained at $762 million.

Dealers are expecting the home currency to trade strong at levels of 45.20 on strong FII inflows into the stock markets in the coming week.

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Forex reserves fall by $30 million

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