MUMBAI: The nation's foreign currency reserves declined by way of $915.eight million to $399.609 billion in the week to October five on account of a fall in foreign currency assets, according to RBI data. In the previous week, the reserves had declined by way of $1.265 billion to $400.52 billion.
In the reporting week, foreign currency assets, a major part of the overall reserves, decreased by way of $1.011 billion to $375.231 billion, as in line with the RBI data.
Expressed in US greenback phrases, foreign currency assets come with the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen held in the reserves.
Forex reserves had touched a document high of $426.028 billion in the week to April 13, 2018, but had been declining since then.
Gold reserves rose by way of $107.three million to $20.450 billion in the reporting week.
The special drawing rights with the International Monetary Fund (IMF) declined by way of $4.three million to $1.466 billion.
The nation's reserve position with the IMF also dipped by way of $7.2 million to $2.460 billion, the apex bank stated.
In the reporting week, foreign currency assets, a major part of the overall reserves, decreased by way of $1.011 billion to $375.231 billion, as in line with the RBI data.
Expressed in US greenback phrases, foreign currency assets come with the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen held in the reserves.
Forex reserves had touched a document high of $426.028 billion in the week to April 13, 2018, but had been declining since then.
Gold reserves rose by way of $107.three million to $20.450 billion in the reporting week.
The special drawing rights with the International Monetary Fund (IMF) declined by way of $4.three million to $1.466 billion.
The nation's reserve position with the IMF also dipped by way of $7.2 million to $2.460 billion, the apex bank stated.
Forex reserves down by $915.8m to $399.6bn
![Forex reserves down by $915.8m to $399.6bn]()
Reviewed by Kailash
on
October 14, 2018
Rating:
