Forex Reserves Down by USD 1.03 Billion to USD 353.33 Billion

Country\'s forex kitty shrunk on the back of a dip in the core currency assets.

Published: 24th July 2015 06:46 PM  |   Last Updated: 24th July 2015 06:46 PM   |  A+A-


MUMBAI: Country's forex kitty shrunk by USD 1.03 billion to USD 353.33 billion on the back of a dip in the core currency assets, the Reserve Bank said today.

Total reserves had slipped by a marginal USD 156.9 million to USD 354.360 billion in the previous reporting week. Foreign currency assets (FCAs), the biggest part of the reserves, were down 982.1 million to USD 328.93 billion for the week ended July 17, the RBI said in its weekly data.

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 19.074 billion.

The special drawing rights with the International Monetary Fund were down by USD 39.6 million to USD 4.018 billion in the week under review, while India's reserve position with the Fund also decreased by USD 12.8 million to USD 1.303 billion, the apex bank said.

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