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Rediff.com  » Business » India's forex reserves down at $355.22 bn

India's forex reserves down at $355.22 bn

Source: PTI
July 03, 2015 18:32 IST
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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 $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. 

 
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