India s Forex reserves deplete by over $950 million
Saturday - August 4, 2018 12:00 am ,
Category : BUSINESS
Mumbai Aug 3 (IANS) India s foreign exchange (Forex) reserves plunged by $950.9 million during the week ended July 27 official data showed on Friday.
According to the Reserve Bank of India (RBI) s weekly statistical supplement the overall forex reserves slipped to $404.19 billion from $405.14 billion reported for the week ended July 20.
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 -- receded by $1.01 billion to $379.03 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 by $61.1 million to $21.20 billion.
As per the data the SDRs value inched up by $0.3 million to $1.48 billion while the country s reserve position with the IMF was up by $0.5 million to $2.47 billion.
--IANS rv/nir
According to the Reserve Bank of India (RBI) s weekly statistical supplement the overall forex reserves slipped to $404.19 billion from $405.14 billion reported for the week ended July 20.
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 -- receded by $1.01 billion to $379.03 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 by $61.1 million to $21.20 billion.
As per the data the SDRs value inched up by $0.3 million to $1.48 billion while the country s reserve position with the IMF was up by $0.5 million to $2.47 billion.
--IANS rv/nir
