Forex reserves fall $223.9 m

India’s foreign exchange reserves fell $223.9 million to $290.35 billion in the week ended March 8.

The drop was due to a fall in foreign currency assets which fell $225.5 million in the reporting week.

India’s gold position remained unchanged, while special drawing rights and reserve position in the International Monetary Fund rose by $1.1 million and $0.5 million respectively.