You are here: Home » PTI Stories » National » News
Business Standard

Forex reserves drop $1.54 bn to $365 bn

Press Trust of India  |  Mumbai 

India's foreign exchange reserves declined by USD 1.542 billion to USD 365.499 billion in the week to November 18 due to decrease in foreign currency assets, Reserve Bank said today.

In the previous week, the reserves had dipped by USD 1.190 billion to USD 367.041 billion. They had touched a life- time high of USD 371.99 billion in the week to September 30, this year.



Foreign currency assets (FCAs), a major component of the overall reserves, dipped by USD 1.495 billion to USD 341.276 billion.

FCAs, expressed in terms, include the effect of appreciation/depreciation of non-US currencies such as euro, pound and yen held in the reserves.

Gold reserves remained steady at USD 20.460 billion, the apex bank said.

The special drawing rights with the International Monetary Fund declined by USD 17.9 million to USD 1.444 billion, while India's reserve position with the Fund dipped by USD 28.5 million to USD 2.317 billion, RBI said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Forex reserves drop $1.54 bn to $365 bn

India's foreign exchange reserves declined by USD 1.542 billion to USD 365.499 billion in the week to November 18 due to decrease in foreign currency assets, Reserve Bank said today. In the previous week, the reserves had dipped by USD 1.190 billion to USD 367.041 billion. They had touched a life- time high of USD 371.99 billion in the week to September 30, this year. Foreign currency assets (FCAs), a major component of the overall reserves, dipped by USD 1.495 billion to USD 341.276 billion. FCAs, expressed in US dollar terms, include the effect of appreciation/depreciation of non-US currencies such as euro, pound and yen held in the reserves. Gold reserves remained steady at USD 20.460 billion, the apex bank said. The special drawing rights with the International Monetary Fund declined by USD 17.9 million to USD 1.444 billion, while India's reserve position with the Fund dipped by USD 28.5 million to USD 2.317 billion, RBI said. India's foreign exchange reserves declined by USD 1.542 billion to USD 365.499 billion in the week to November 18 due to decrease in foreign currency assets, Reserve Bank said today.

In the previous week, the reserves had dipped by USD 1.190 billion to USD 367.041 billion. They had touched a life- time high of USD 371.99 billion in the week to September 30, this year.

Foreign currency assets (FCAs), a major component of the overall reserves, dipped by USD 1.495 billion to USD 341.276 billion.

FCAs, expressed in terms, include the effect of appreciation/depreciation of non-US currencies such as euro, pound and yen held in the reserves.

Gold reserves remained steady at USD 20.460 billion, the apex bank said.

The special drawing rights with the International Monetary Fund declined by USD 17.9 million to USD 1.444 billion, while India's reserve position with the Fund dipped by USD 28.5 million to USD 2.317 billion, RBI said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Forex reserves drop $1.54 bn to $365 bn

India's foreign exchange reserves declined by USD 1.542 billion to USD 365.499 billion in the week to November 18 due to decrease in foreign currency assets, Reserve Bank said today.

In the previous week, the reserves had dipped by USD 1.190 billion to USD 367.041 billion. They had touched a life- time high of USD 371.99 billion in the week to September 30, this year.

Foreign currency assets (FCAs), a major component of the overall reserves, dipped by USD 1.495 billion to USD 341.276 billion.

FCAs, expressed in terms, include the effect of appreciation/depreciation of non-US currencies such as euro, pound and yen held in the reserves.

Gold reserves remained steady at USD 20.460 billion, the apex bank said.

The special drawing rights with the International Monetary Fund declined by USD 17.9 million to USD 1.444 billion, while India's reserve position with the Fund dipped by USD 28.5 million to USD 2.317 billion, RBI said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard