India’s forex reserves down $101 mn

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September 27, 2014

The RBI said the foreign currency assets, include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve

Mumbai: India's foreign exchange reserves fell by $101.3 million to $315.59 billion for the week ended Sep 19, Reserve Bank of India (RBI) data showed.

September 27, 2014

The RBI said the foreign currency assets, include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve

Mumbai: India's foreign exchange reserves fell by $101.3 million to $315.59 billion for the week ended Sep 19, Reserve Bank of India (RBI) data showed.

The reserves had decreased by $1.61 billion to $315.69 billion for the week ended Sep 12.

However, according to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, increased by $18.9 billion at $288.78 billion in the week under review.

The foreign currency assets had decreased by $1.59 billion at $288.76 billion in the previous week.

The RBI said the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve.

India's reserve position with the International Monetary Fund (IMF) slipped by $111.8 million to $1.55 billion.

The value of special drawing rights (SDRs) was down by $8.4 million at $4.32 billion.

The value of gold reserves was static at $20.93 billion for the week ended Sep 19. The value of gold reserves fallen by $240.7 million at $20.93 billion for the week ended Sep 5.


Courtesy: IANS

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