| Log in
Reuters

Forex reserves down $237.5M to $355.2B

By PTI
03 July, 2015

Foreign exchange reserves dipped marginally by USD 237.5 million to USD 355.221 billion in the week to June 26 on account of slight decline in a key component, according to the weekly RBI data.

In the previous reporting week, the reserves had touched a life-time high of USD 355.46 billion.

Foreign currency assets (FCAs), a major component of overall reserves, decreased by USD 216.6 million to USD 330.500 billion, the data showed.

FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen, held in the reserves.

The country’s gold reserves remained unchanged at USD 19.34 billion.

The special drawing rights with the International Monetary Fund were down by USD 15.8 million to USD 4.063 billion in the week under review, while India’s reserve position with the financial institution declined by USD 5.1 million to USD 1.317 billion, the apex bank said.


Leave Your Comment
India's forex reserves hit a new high of $340B

India’s forex reserves hit a new high of $340B

PTI 3 years ago
India’s foreign exchange reserves shot up to an all-time high of USD 339...
Forex reserves touch all-time high of $327.88B

Forex reserves touch all-time high of $327.88B

PTI 3 years ago
India’s foreign exchange reserves surged by USD 5.84 billion to touch a...
India's forex reserves hit all-time high of $322B

India’s forex reserves hit all-time high of $322B

PTI 3 years ago
India’s foreign exchange reserves jumped by a massive USD 2.66 billion to...
No Comments

Forex reserves down $237.5M to $355.2B

Powered by WordPress.com VIP