India s Forex reserves down by $211 mn

Mumbai Aug 25 (IANS) India s foreign exchange (Forex) reserves kitty depleted by $211 million as on August 18 2017 official data showed on Friday.

The Reserve Bank of India s (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves declined to $393.40 billion from $393.61 billion reported for the week ended August 11.

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 -- declined by $208.1 million to $369.69 billion during the week under review.

Besides the US dollar FCAs consist of nearly 20-30 per cent of major (non-US) global currencies. The FCAs also include investments in US Treasury bonds bonds of other selected governments and deposits with foreign central and commercial banks.

The country s gold reserves were stagnant at $19.94 billion.

However the SDRs value dipped by $1.2 million to $1.49 billion.

Similarly the country s reserve position with the IMF slipped by $1.8 million to $2.26 billion.

--IANS
rv/bg