 "Forex reserves down by $1.466 bn to $350.365 bn")
Country's foreign exchange reserves declined $1.466 billion to $350.365 billion in the week ended February 19 (last Friday), due to a fall in foreign currency assets (FCAs), according to the Reserve Bank of India (RBI).
In the previous week, reserves had increased $347.2 million to $351.831 billion. FCAs, a major component of overall reserves, fell $1.436 billion to $328.583 billion in the reporting period, the RBI said on Friday.
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.
India's special drawing rights with the International Monetary Fund (IMF) dipped by $2.574 billion to $1.487 billion in the week, whereas the country's reserve position with the Fund increased by $2.543 billion to $2.598 billion, RBI said.
In the previous week, reserves had increased $347.2 million to $351.831 billion. FCAs, a major component of overall reserves, fell $1.436 billion to $328.583 billion in the reporting period, the RBI said on Friday.
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.
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Gold reserves remained unchanged at $17.696 billion in the week.
India's special drawing rights with the International Monetary Fund (IMF) dipped by $2.574 billion to $1.487 billion in the week, whereas the country's reserve position with the Fund increased by $2.543 billion to $2.598 billion, RBI said.