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India's forex reserves down $819.5 mn

IANS  |  Mumbai 

India's foreign exchange (forex) reserves declined by $819.5 million during the week ended September 7, official data showed on Friday.

According to the (RBI) weekly statistical supplement, the overall forex reserves declined to $399.28 billion from $400.10 billion reported for the week ended August 31.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI's position with the (IMF).

Segment-wise, FCAs -- the largest component of the forex reserves -- decreased by $887.4 million to $375.09 billion during the week under review.

Besides the US dollar, FCAs consist of nearly 20-30 per cent of major global currencies.

However, the value of the country's gold reserves increased. It went up by $71.9 million to $20.23 billion.

As per the data, the SDRs' value dipped by $1.5 million to $1.47 billion, while the country's reserve position with the IMF slipped by $2.5 million to $2.47 billion.

--IANS

rv/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 14 2018. 23:22 IST
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