India's forex reserves near 8-week low

During the week ending Sept 5, reserves fell by $1.33 bn to $317.31 bn

Foreign exchange reserves have fallen to a near eight-week low for the week ended September 5, show RBI data released on Friday. During the week under review, reserves fell $1.33 billion to $317.31 billion, RBI data show. The reserves stood at $317.04 billion in the week ended July 11. Foreign currency assets, a key component of reserves, fell $1.03 billion to $290.36 billion.

For the week under review, the Special Drawing Rights (SDRs) fell by $41.6 million to $4.34 billion, while India's reserve position with the International Monetary Fund was down $16 million to $1.67 billion.