SME Times News Bureau | 21 Jul, 2018
India's foreign exchange
(Forex) fell to $734.5 million during the week ended July 13, RBI
data showed on Friday.
According to the RBI weekly
statistical supplement, the overall forex reserves declined to
$405.08 billion from $405.81 billion reported for the week ended July
India's forex reserves comprise of foreign currency
assets (FCAs), gold reserves, special drawing rights (SDRs) and the
RBI's position with the International Monetary Fund
Segment-wise, FCAs -- the largest component of the
Forex reserves -- decreased by $789.1 million to $380 billion during
the week under review.
Besides the US dollar, FCAs
consist of nearly 20-30 per cent of major global currencies.
per the data, the value of the country's gold reserves rose by $75.4
million to $21.12 billion.
The SDRs' value inched down by
$7.8 million to $1.48 billion, while the country's reserve position
with the IMF slipped by $13 million to $2.48 billion.