Forex reserves down by USD 672.4 million to USD 314.87 billion

The country's forex reserves dipped by USD 672.4 million to USD 314.878 billion due to a decline in core currency assets, the Reserve Bank of India (RBI) said here today.
Total reserves were up by USD 419.4 million to USD 315.55 billion during the previous reporting week.
Foreign currency assets, a major constituent of overall reserves, decreased by USD 664.3 million to USD 289.398 billion for the week ended November 21, the RBI said.
Foreign currency assets, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as euro, pound and the yen held in reserves.

The country's gold reserves remained unchanged at USD 19.738 billion for the reporting week, the apex bank said.
The special drawing rights (SDRs) were down by USD 5.9 million to USD 4.223 billion, while the country's reserve position with the IMF declined by USD 2.2 million to USD 1.518 billion during the week, the RBI data showed.