India's forex reserves down $1.6 billion to $315.69 billion
FCAs declined by $1.599 billion to $288.764 billion for the week under review
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India's foreign exchange reserves dropped by $1.615 billion to $315.697 billion in the week to September 12 on account of a hefty fall in non-US currency assets, the Reserve Bank said today.
In the week to September 5, the reserves had dipped by $1.327 billion to $317.313 billion.
Foreign currency assets (FCAs), a major constituent of overall reserves, declined by $1.599 billion to $288.764 billion for the week under review, the RBI data showed.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in reserves.
The gold reserves remained unchanged at $20.933 billion in the reporting week.
The special drawing rights were down $11.4 million to $4.333 billion and India's reserve position with the IMF dipped by $4.4 million to $1.666 billion during the week, the data showed.
In the week to September 5, the reserves had dipped by $1.327 billion to $317.313 billion.
Foreign currency assets (FCAs), a major constituent of overall reserves, declined by $1.599 billion to $288.764 billion for the week under review, the RBI data showed.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in reserves.
The gold reserves remained unchanged at $20.933 billion in the reporting week.
The special drawing rights were down $11.4 million to $4.333 billion and India's reserve position with the IMF dipped by $4.4 million to $1.666 billion during the week, the data showed.
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First Published: Sep 19 2014 | 5:20 PM IST