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Last updated: 21 Jul, 2018  

Dollar.Investment.9.Thmb.jpg Forex reserves falls to $405.08 billion

Dollar.Investment.9.jpg
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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 6.

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 (IMF).

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.

As 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.

 
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