RBI's foreign exchange reserves near 3-month low

The foreign exchange reserves of the Reserve Bank of India (RBI) has fallen to near three-month low for the week ending September 19, shows data released on Friday. RBI data shows that during the week ending September 19, the reserves fell by $ 101.3 million to $ 315.60 billion. The reserves stood at $314.92 billion in the week ending June 20.

Foreign currency assets, a key component of reserves, fell by $18.9 million to $288.78 billion. Gold reserves remained unchanged during the week.

For the week under review, the Special Drawing Rights (SDRs) fell by $8.4 million to $4.32 billion, while India's reserve position with the International Monetary Fund was down $ 111.8 million to $ 1.56 billion.