Forex reserves down USD 113.5 mn to USD 353.34 bn

Image
Press Trust of India Mumbai
Last Updated : Aug 14 2015 | 5:42 PM IST
The country's foreign exchange reserves declined by USD 113.5 million to USD 353.347 billion in the week to August 7 on account of a fall in foreign currency assets (FCAs), a key constituent.
The reserves were down by USD 187.6 million to USD 353.46 billion in the previous reporting week. They had touched a life-time high of USD 355.46 billion in the fortnight ended June 19.
FCAs, a major component of overall reserves, fell by USD 78.2 million to USD 329.797 billion in the reporting week, the RBI data showed.
FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen, held in the reserves.
Gold reserves stood at USD 18.250 billion.
The special drawing rights with the International Monetary Fund were down by USD 9.4 million to USD 4.019 billion in the week under review, while India's reserve position with the Fund also declined by USD 25.9 million to USD 1.280 billion, the apex bank said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 14 2015 | 5:42 PM IST

Next Story