Forex reserves decline by $ 371 mn to $ 312.5 bn
India's foreign exchange reserves declined by $ 371 million to $ 312.500 billion for the week ended May 2.
By PTI |
MUMBAI: India's foreign exchange reserves declined by $ 371 million to $ 312.500 billion for the week ended May 2.
The reserves have declined for the second consecutive week.
In the week-ago period, the reserves had declined by $ 663 million to $ 312.871 billion.
Foreign currency assets (FCAs), during the reporting week declined by $ 248 million to $ 302.576 billion, against $ 302.328 billion a week before, the data released by the Reserve Bank said.
The FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserve, RBI said.
India's reserve position in the International Monetary Fund declined by $ 7 million to $ 479 million.
The gold reserves of the country declined by $ 612 million to stand at $ 9.427 billion while Special Drawing Rights (SDRs) remained static at $ 18 million.
The reserves have declined for the second consecutive week.
In the week-ago period, the reserves had declined by $ 663 million to $ 312.871 billion.
Foreign currency assets (FCAs), during the reporting week declined by $ 248 million to $ 302.576 billion, against $ 302.328 billion a week before, the data released by the Reserve Bank said.
The FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling and yen held in reserve, RBI said.
India's reserve position in the International Monetary Fund declined by $ 7 million to $ 479 million.
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The gold reserves of the country declined by $ 612 million to stand at $ 9.427 billion while Special Drawing Rights (SDRs) remained static at $ 18 million.
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