| Date: |
04-07-2015 |
| Subject: |
Forex reserves down $237.5 million to $355.22 billion |
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MUMBAI: Foreign exchange reserves dipped marginally by $237.5 million to $ 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 $355.46 billion.
Foreign currency assets (FCAs), a major component of overall reserves, decreased by $216.6 million to $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 $19.34 billion.
The special drawing rights with the International Monetary Fund were down by $15.8 million to USD 4.063 billion in the week under review, while India's reserve position with the financial institution declined by $5.1 million to $1.317 billion, the apex bank said.
Source : timesofindia.indiatimes.com
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