India s forex reserves down $1.19 bn
Friday - September 7, 2018 10:32 pm ,
Category : BUSINESS
India s forex reserves down $1.19 bn
Mumbai Sep 7 (IANS) India s foreign exchange (forex) reserves declined by $1.19 billion during the week ended August 31 official data showed on Friday.
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves declined to $400.10 billion from $401.29 billion reported for the week ended August 24.
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 $605.1 million to $375.98 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
Similarly the value of the country s gold reserves also decreased. It went down by $600.9 million to $20.16 billion.
As per the data the SDRs value increased by $5.5 million to $1.47 billion while the country s reserve position with the IMF edged higher by $9.1 million to $2.47 billion.
--IANS rv/bg
According to the Reserve Bank of India (RBI) weekly statistical supplement the overall forex reserves declined to $400.10 billion from $401.29 billion reported for the week ended August 24.
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 $605.1 million to $375.98 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
Similarly the value of the country s gold reserves also decreased. It went down by $600.9 million to $20.16 billion.
As per the data the SDRs value increased by $5.5 million to $1.47 billion while the country s reserve position with the IMF edged higher by $9.1 million to $2.47 billion.
--IANS rv/bg
