| Date: |
27-09-2014 |
| Subject: |
India's forex reserves slip further to $315.59 billion |
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MUMBAI: Continuing a downward trend for the third consecutive week, India's foreign exchange reserves fell by $101.3 million to $315.596 billion in the week to September 19 despite a rise in non-US currency assets.
In the week to September 12, the reserves had dropped by $1.615 billion to $315.697 billion.
Foreign currency assets (FCAs), a major constituent of overall reserves, rose by $18.9 million to $288.783 billion for the week under review, Reserve Bank said 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.
The gold reserves remained unchanged at $20.933 billion.
The special drawing rights were down $8.4 million to $4.324 billion, while India's reserve position with the IMF dipped by $111.8 million to $1.555 billion during the week, the RBI data showed.
Source : economictimes.indiatimes.com
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