India s forex reserves deplete by over $1.80 bn
Friday - August 17, 2018 6:42 pm ,
Category : BUSINESS
Mumbai Aug 17 (IANS) India s foreign exchange (Forex) reserves plunged by $1.82 billion during the week ended August 10 official data showed on Friday.
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves plunged to $400.88 billion from $402.70 billion reported for the week ended August 3.
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 $1.94 billion to $376.26 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 $145.6 million to $20.69 billion.
As per the data the SDRs value slipped by $9.2 million to $1.46 billion while the country s reserve position with the IMF inched down by $9.2 million to $2.45 billion.
--IANS rv/bg
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves plunged to $400.88 billion from $402.70 billion reported for the week ended August 3.
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 $1.94 billion to $376.26 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 $145.6 million to $20.69 billion.
As per the data the SDRs value slipped by $9.2 million to $1.46 billion while the country s reserve position with the IMF inched down by $9.2 million to $2.45 billion.
--IANS rv/bg
