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MUMBAI: After touching a lifetime high in the previous week, the country's foreign exchange reserves declined by $3.017 billion to $542.021 billion in the week ended September 25, RBI data showed on Friday. In the week ended September 18, the reserves had increased by $3.378 billion to a record $545.038 billion.
During the reporting week, the decline in the forex kitty was mainly due to a fall in foreign currency assets (FCAs), a major component of the overall reserves.
FCAs decreased by $1.523 billion to $499.941 billion, the central bank data showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves were down by $1.441 billion in the reporting week to $35.999 billion, the RBI data showed.
The special drawing rights with the International Monetary Fund (IMF) dipped by $10 million to $1.472 billion.
The country's reserve position with the IMF also fell by $43 million to $4.608 billion during the reporting week, as per the data.
During the reporting week, the decline in the forex kitty was mainly due to a fall in foreign currency assets (FCAs), a major component of the overall reserves.
FCAs decreased by $1.523 billion to $499.941 billion, the central bank data showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves were down by $1.441 billion in the reporting week to $35.999 billion, the RBI data showed.
The special drawing rights with the International Monetary Fund (IMF) dipped by $10 million to $1.472 billion.
The country's reserve position with the IMF also fell by $43 million to $4.608 billion during the reporting week, as per the data.
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5 Comments on this Story
 | Nuraj Bakshi20 minutes ago Its utter stupidity why people abroad sent money, Understand their families are here and they need to support but falling interest rates on deposits, high cost of living and ever depreciating rupee make it all meaningless. Infact foreign markets have given handsome returns in the past where money has become 10 folds unlike Indian stupid markets!! |
| Binu Pillai48 minutes ago Somebody taught to the BJP IT Cell coolies that india is rich because of its tiny Forign Assets.. They keep on barking in all forums "Sell the reserves" .. Indias external borrowing is hundred times bigger than that.. Even the new Aircraft for Modi cost 8400 Crore rupees... |
| Binu Pillai52 minutes ago Sri : the reserve is only on paper.. Indias DEBT is hundred times bigger.. and still borrowing and LOOTING the country. |