During the reporting week, the decline in the forex kitty was mainly due to a fall in foreign currency assets (FCAs), a major component of the overall reserves
After touching a life-time high in the previous week, the country's foreign exchange reserves declined by $353 million to $541.660 billion in the week ended September 11, according to RBI data
The country's foreign exchange reserves rose by $582 million to reach a lifetime high of $542 billion in the week ended September 4, RBI data showed on Friday
In the reporting week, the forex kitty rose mainly on the back of a jump in foreign currency assets (FCAs), a major component of the overall reserves
Bond and currency markets would increase policy difficulties
The country's reserve position with the IMF also increased by $6 million to $4.634 billion during the reporting week
After rising for the past few weeks, the country's foreign exchange reserves declined by $2.939 billion to $535.252 billion for the week ended August 14, RBI data showed
In the previous week ended July 31, the reserves had increased by $11.938 billion to reach $534.568 billion
The currency swap arrangement will remain available till November 2022, the Indian mission said in a press release
Gold reserves were up by $712 million to $34.729 billion, as per the central bank data
India's foreign exchange reserves fell by $2.078 billion during the week ended June 19
The expansion of base money through household gold will have a negative wealth effect on households, besides attracting a hidden tax or seigniorage
According to BofA, the 'conservative' level of forex reserves for the RBI works out to be $550 billion.
In the previous week, the foreign exchange reserves had increased by $ 1.701 billion to $ 473 billion
In the sixth bi-monthly monetary policy of 2019-20 announced on Thursday, RBI had said foreign exchange reserves touched a lifetime high of USD 471.4 billion on February 4, 2020.
Large inflows can increase policy challenges
In the reporting week, the reserves rose despite a decline in foreign currency assets (FCA), which is a major component of the overall reserves.
During the week, gold reserves increased by $260 million to $27.392 billion
Since the beginning of the current financial year, the forex kitty has gained by $38.8 billion as of December 3, the largest in recent year, the governor added
In the previous week, the reserves had increased by $1.832 billion to $442.583 billion