India s Forex reserves deplete by over $734 mn
Friday - July 20, 2018 9:42 pm ,
Category : BUSINESS
India s Forex reserves deplete by over $734 mn
Mumbai July 20 (IANS) India s foreign exchange (Forex) reserves depleted by $734.5 million during the week ended July 13 official data showed on Friday.
According to the Reserve Bank of India s (RBI) weekly statistical supplement the overall forex reserves declined to $405.08 billion from $405.81 billion reported for the week ended July 6.
India s forex reserves comprise of 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 $789.1 million to $380 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
As per the data the value of the country s gold reserves rose by $75.4 million to $21.12 billion.
The SDRs value inched down by $7.8 million to $1.48 billion while the country s reserve position with the IMF slipped by $13 million to $2.48 billion.
--IANS rv/sed
According to the Reserve Bank of India s (RBI) weekly statistical supplement the overall forex reserves declined to $405.08 billion from $405.81 billion reported for the week ended July 6.
India s forex reserves comprise of 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 $789.1 million to $380 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
As per the data the value of the country s gold reserves rose by $75.4 million to $21.12 billion.
The SDRs value inched down by $7.8 million to $1.48 billion while the country s reserve position with the IMF slipped by $13 million to $2.48 billion.
--IANS rv/sed
