| Date: |
30-08-2014 |
| Subject: |
Forex reserves down $810.7 million to $318.57 billion |
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MUMBAI: The country's foreign exchange reserves declined by $810.7 million to $318.579 billion for the week ended August 22, on account of drop in foreign currency assets.
Last week, the reserves had risen by $43.3 million to $319.39 billion, after falling for two consecutive weeks.
Foreign currency assets (FCAs), a major constituent of overall reserves, dipped by $783 million to $291.318 billion for the week ended August 22, the Reserve Bank of India said in its weekly statement here today.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in reserves.
Gold reserves remained unchanged at $21.173 billion in the reporting week.
The special drawing rights were down $19.8 million to $4.396 billion, and India's reserve position with the IMF also dropped $7.9 million to $1.691 billion during the week, the RBI data showed.
Source : economictimes.indiatimes.com
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