India s forex reserves slip by $33 mn
Friday - August 24, 2018 7:52 pm ,
Category : BUSINESS
India s forex reserves slip by $33 mn
Mumbai Aug 24 (IANS) India s foreign exchange (Forex) reserves slipped by $33.2 million during the week ended August 17 official data showed on Friday.
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves inched down to $400.85 billion from $400.88 billion reported for the week ended August 10.
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 -- receded by $60.2 million to $376.21 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 $36.1 million to $20.73 billion.
As per the data the SDRs value slipped by $3.4 million to $1.46 billion while the country s reserve position with the IMF inched down by $5.7 million to $2.45 billion.
--IANS rv/sed
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves inched down to $400.85 billion from $400.88 billion reported for the week ended August 10.
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 -- receded by $60.2 million to $376.21 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 $36.1 million to $20.73 billion.
As per the data the SDRs value slipped by $3.4 million to $1.46 billion while the country s reserve position with the IMF inched down by $5.7 million to $2.45 billion.
--IANS rv/sed
