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India's foreign exchange reserves decline by $613.9 mn to $393.12 bn

The country's reserve position with the IMF also decline by $12.5 million to $2.617 billion

Press Trust of India  |  Mumbai 

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The country's declined by $613.9 million to $393.12 billion in the week to December 14, on account of a fall in foreign currency assets, according to the RBI data.

In the previous week, the reserves had increased by $16.6 million to $393.734 billion.

In the reporting week, foreign currency assets, a major component of the overall reserves, dropped by $631.6 million to $367.865 billion.

Expressed in US dollars, foreign currency assets include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.

The reserves had touched a record high of $426.028 billion in the week to April 13, 2018. Since then, the kitty has been on a slide and is now down by over $31 billion.

Gold reserves rose by $37.2 million to $21.187 billion in the reporting week, the data showed.

The special drawing rights with the (IMF) dipped by $7 million to $1.45 billion.

The country's reserve position with the IMF also decline by $12.5 million to $2.617 billion, the said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, December 21 2018. 20:15 IST
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