India's Forex Reserves Down $2.23 Billion To $550.87 Billion
The foreign currency assets decreased by $2.519 billion to $489.598 billion in the reporting week.
The country's foreign exchange reserves declined by $2.234 billion to stand at $550.871 billion for the week ended Sept. 9, the Reserve Bank of India said on Friday.
In the previous reporting week, the reserves had dropped by $7.941 billion to $553.105 billion.
The fall in the reserves during the reporting week was on account of a dip in the foreign currency assets, a major component of the overall reserves, according to the Weekly Statistical Supplement released by the RBI.
The FCAs decreased by $2.519 billion to $489.598 billion in the reporting week.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-U.S. units like the euro, pound and yen held in the foreign exchange reserves.
The value of the gold reserves increased by $340 million to $38.644 billion, the data showed.
The Special Drawing Rights dropped by $63 million to $17.719 billion.
The country's reserve position with the IMF was up by $8 million to $4.91 billion in the reporting week, as per the data.