Foreign exchange reserves down $1.19 billion

Foreign currency assets, a major component of overall reserves, dipped $1.155 billion to $342.772 billion

India's foreign exchange reserves declined by $1.19 billion to $367.041 billion in the week to November 11 on account of fall in foreign currency assets, Reserve Bank said on Friday.
 
In the previous week, the reserves had increased by $1.074 billion to $368.231 billion. They had touched life- time high of $371.99 billion in the week to September 30, this year.
 
Foreign currency assets (FCAs), a major component of overall reserves, dipped $1.155 billion to $342.772 billion.
 

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

 
Gold reserves remained steady at $20.460 billion, Reserve Bank said.
 
The special drawing rights with the International Monetary Fund declined $13.4 million to $1.462 billion, while India's reserve position with the Fund dipped $21.5 million to $2.346 billion, Reserve Bank said.