 "Forex reserves down $150 mn to $352 bn")
India's foreign exchange reserves declined $149.7 million to $352.4 billion during the week ended November 20, due to fall in foreign currency assets (FCAs), according to Reserve Bank of India (RBI) data.
In the previous week, the reserves had increased $781 million to $352.5 billion.
FCAs, a major component of overall reserves, went down $133.5 million to $328.4 billion, RBI said. Gold reserves remained unchanged at $18.7 billion.
The country's special drawing rights with the International Monetary Fund (IMF) declined $12.2 million to about $4 billion in the week, while the reserve position with IMF fell $4 million to $1.3 billion, RBI said.
In the previous week, the reserves had increased $781 million to $352.5 billion.
FCAs, a major component of overall reserves, went down $133.5 million to $328.4 billion, RBI said. Gold reserves remained unchanged at $18.7 billion.
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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 special drawing rights with the International Monetary Fund (IMF) declined $12.2 million to about $4 billion in the week, while the reserve position with IMF fell $4 million to $1.3 billion, RBI said.