Forex kitty down by USD 214 mn

Forex reserves decreased by USD 214 million to touch USD 271,025 million as on Aug 14, 2009, mainly due to decline in foreign currency and assets collections on a weekly basis.As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on Aug. 21, 2009, foreign currency assets decreased by USD 209 million to stand at USD 260,010 million.During the same period, the reserve position in the International Monetary Fund (IMF) decreased by USD 4 million to stand at USD 1,344 million. The gold reserves stand unaltered at USD 9,671 million.Foreign currency assets expressed in USD include the effect of appreciation or depreciation on non-US currencies (such as Euro, Sterling and Yen) held in reserves.