SME Times News Bureau | 20 Sep, 2014
Country's foreign exchange reserves fell by USD 1.61 billion to USD 315.69 billion for the week ended Sep 12, Reserve Bank of India (RBI) data showed.
The reserves had fell by USD 1.32 billion to USD 317.31 billion for the week ended Sep 5.
According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, decreased by USD 1.59 billion at USD 288.76 billion in the week under review.
The foreign currency assets had decreased by USD 1.02 billion at USD 290.36 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 USD 4.4 million to USD 1.66 billion.
The value of special drawing rights (SDRs) was down by USD 11.4 million at USD 4.33 billion.
The value of gold reserves was static at USD 20.93 billion for the week ended Sep 12. The value of gold reserves fallen by USD 240.7 million at USD 20.93 billion for the week ended Sep 5.