| Date: |
04-06-2016 |
| Subject: |
Forex reserves continue to slide, fall to $360.2 billion |
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MUMBAI: The country's foreign exchange reserves declined by $711.6 million to $360.193 billion in the week to May 27 due to fall in foreign currency assets , Reserve Bank of India said today.
In the previous week, the reserves had fallen by $121.3 million to $360.905 billion.
Foreign currency assets, which are a major component of the overall reserves, declined by $711.9 million to $336.227 billion in the week under review, central bank data showed.
Foreign currency assets, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
Gold reserves remained unchanged at $20.043 billion.
Source : economictimes.indiatimes.com
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