India's forex reserves decline by over $997 mn

Mumbai, Oct 1 (IANS) India's foreign exchange reserves fell by $997 million during the week ended September 24.The Reserve Bank of India's (RBI) forex reserves declined to $638.646 billion from $639.642 billion reported for the week ended September 17.India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $1.255 billion to $576.731 billion.However, the value of the country's gold reserves rose by $327 million to $37.430 billion.The SDR value fell by $55 million to $19.379 billion.In addition, the country's reserve position with the IMF inched lower by $13 million to $5.106 billion.
--IANS rv/sn/vd

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