Forex reserves dips by $1.03 bn to $285.34 bn

India's foreign exchange reserves fell by $1.032 billion for the week ended November 20 to $285.344 billion.

They stood at $286.376 billion in the previous week.

The foreign currency assets (FCAs) during the week declined to $261.878 billion as compared to $262.905 billion a week-ago, the RBI said in its weekly report today.

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in reserves, the RBI said.

Gold reserves, during the period under review, stood unchanged at $17.5 billion, while the special drawing rights (SDRs) fell marginally to $5.266 billion, it said.

 

India's reserve position in the International Monetary Fund stood at $700 million during the week, the central bank said.