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India s forex reserves down $819.5 mn

Friday - September 14, 2018 11:22 pm , Category : BUSINESS
Mumbai Sep 14 (IANS) India s foreign exchange (forex) reserves declined by $819.5 million during the week ended September 7 official data showed on Friday.
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves declined to $399.28 billion from $400.10 billion reported for the week ended August 31.
India s forex reserves comprise foreign currency assets (FCAs) gold reserves special drawing rights (SDRs) and the RBI s position with the International Monetary Fund (IMF).
Segment-wise FCAs -- the largest component of the forex reserves -- decreased by $887.4 million to $375.09 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
However the value of the country s gold reserves increased. It went up by $71.9 million to $20.23 billion.
As per the data the SDRs value dipped by $1.5 million to $1.47 billion while the country s reserve position with the IMF slipped by $2.5 million to $2.47 billion.

--IANS rv/nir

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