Forex reserves fall to USD 280.770 bn
Mumbai: India's foreign exchange reserves
fell to USD 280.770 billion for the week ended September 18
from USD 280.978 billion in the previous week.
The foreign currency assets (FCA) fell by USD 209 million
during the week to USD 264.353 billion against USD 264.562
billion a week-ago, RBI said in its weekly report.
Foreign currency assets expressed in US dollar terms
include the effect of appreciation or depreciation of non-US
currencies (such as Euro, Sterling, Yen) held in reserves, the
central bank said.
During the week, gold reserves stood unchanged at USD
9.828 billion while the Special Drawing Rights increased
marginally to USD 5.224 billion against USD 5.223 billion in
the previous week, the central bank said.
The country's reserves position in the international
monetary fund stood unchanged at USD 1.365 billion during the
period, RBI said.