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Forex reserves down $360.9 mn to $362.78 bn due to the decline in FCAs

In the previous week, the reserves had increased by $1.588 billion to $363.146 billion

Press Trust of India  |  Mumbai 

India's foreign exchange reserves dropped by $360.9 million to $362.785 billion in the week to February 10 due to the decline in foreign currency assets (FCAs), a key component, the Reserve Bank of India (RBI) said on Friday. In the previous week, the reserves had increased by $1.588 billion to $363.146 billion. A major component of the overall reserves, FCAs declined by $347.1 million to $339.778 billion in the reporting week, the RBI said. Expressed in US dollar terms, they include the effects of appreciation/depreciation of non-US currencies, such as the euro, ...

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