RBI's foreign exchange reserves fall for first time in over a month

Forex fell to $ 312.66 billion recording a week on week fall of $ 2.27 billion

RBI's foreign exchange reserves fell for the first time in over a month to $ 312.66 billion recording a week on week fall of $ 2.27 billion. The reserves had last fallen in the week ending April 18 to $ 309.41 billion while the fall in reserves by a similar quantum was recorded in the week ending January 3 at $ 293.11 billion, a fall of $ 2.6 billion.

Foreign currency assets, a key component of reserves fell by $ 2.26 billion to $ 285.56 billion. Gold reserves remained unchanged during the week.

For the week under review, the Special Drawing Rights (SDRs) fell by $ 9.8 million to $ 4.45 billion, while India's reserve position with the International Monetary Fund was down $ 3.7 million to $ 1.68 billion