| Date: |
26-12-2015 |
| Subject: |
Forex Reserves Down $1.4 Billion at $351.11 Billion |
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Mumbai: After rising for two consecutive weeks, the country's foreign exchange reserves fell by $1.4 billion to $351.106 billion in the week to December 18 on account of fall in foreign currency assets (FCAs), according to an RBI data.
In the previous week, reserves had increased by $407.9 million to $352.51 billion.
FCAs, a major component of overall reserves, declined by $1.368 billion to $328.27 billion in the reported period, RBI said in a release on Friday.
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 gold reserves remained unchanged at $17.54 billion.
India's special drawing rights with the International Monetary Fund fell by $24.3 million to $3.997 billion in the week, while the country's reserve position with the Fund decreased by $7.8 million to $1.295 billion, the apex bank said.
Source : profit.ndtv.com
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