India`s forex reserves decreased by USD 315 million to stand at USD 278,357 million as on Feb. 26, 2010, mainly on account of fall in foreign currency assets.

As per the weekly statistical supplement of the Reserve Bank of India (RBI) released on Mar. 05, 2010, foreign currency assets increased by USD 212 million to stand at USD 253,991 million.

During the same period, the reserve position in the International Monetary Fund (IMF) increased marginally USD 7 million to stand at USD 1,393 million.

Special Drawing Rights (SDRs) increased by USD 26 million to stand at USD 5,053 million. Gold reserves declined by USD 136 million to stand at USD 17,920 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.