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Forex reserves down by $231 million to $363.23 billion

After touching a record high last week, the country's foreign exchange reserves declined by USD 231 million to USD 363.233 billion in the week ended June 10, Reserve Bank said on Friday.


Forex reserves down by $231 million to $363.23 billion

Mumbai: After touching a record high last week, the country's foreign exchange reserves declined by USD 231 million to USD 363.233 billion in the week ended June 10, Reserve Bank said on Friday.

In the previous week, the reserves had increased by USD 3.27 billion to hit an all-time high of USD 363.46 billion.

The marginal decline in reserves was on account of fall in foreign currency assets (FCAs), a major component of the overall reserves.

FCAs decreased by USD 243 million to USD 338.979 billion in the reporting week, RBI data showed.

FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies such as the euro, pound and yen held in the reserves.

Gold reserves remained unchanged at USD 20.33 billion.

The country's special drawing rights with the International Monetary Fund increased by USD 9.8 million to USD 1.504 billion and the reserve position grew by USD 2.2 million to USD 2.421 billion, the central bank said. 

From Zee News

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