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Forex reserves down $443.6 mn to $375.27 bn due to fall in currency assets

In the previous week, the reserves had touched a lifetime high of $375.71 billion

Press Trust of India  |  Mumbai 

After touching a record high, the country's forex reserves declined marginally by $443.6 million to $ 375.27 billion in the week to May 12, due to fall in foreign currency assets, the Reserve Bank said. In the previous week, the reserves had touched a life -time high of  $375.71 billion. Foreign currency assets (FCAs), a major component of the overall reserves, dipped by $429.4 million to $351.10 billion in the reporting week, the RBI said. Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and ...

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First Published: Sat, May 20 2017. 00:30 IST
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