India's Foreign Exchange Reserves Fall $897 Million To $572.9 Billion
Mumbai, Aug 12 (PTI) The country's foreign exchange reserves declined USD 897 million to USD 572.978 billion in the week ended August 5, according to the Reserve Bank of India (RBI).
The country's foreign exchange reserves declined $897 million to $572.9 billion in the week ended Aug. 5, according to the Reserve Bank of India.
In the previous week ended July 29, the reserves had risen $2.3 billion to $573.8 billion.
In the week ended Aug. t 5, the fall in the foreign exchange reserves was due to a dip in the Foreign Currency Assets, a major component of the overall reserves, as per the Weekly Statistical Supplement released by RBI on Friday.
FCA declined $1.6 billion to $509.6 billion, the data showed.
Expressed in dollar terms, FCA includes the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves increased $671 million to $40.3 billion in the week ended Aug. 5.
The Special Drawing Rights with the International Monetary Fund rose $46 million to $18 billion.
The country's reserve position with the IMF declined $3 million to $4.9 billion in the reporting week, the data showed.