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Forex reserves dip $392.6 million to $366.77 billion
After reaching a life-time high, country`s foreign exchange reserves marginally declined by USD 392.6 million to USD 366.77 billion in the week to August 26 on account of fall in foreign currency assets, RBI said.
Mumbai: After reaching a life-time high, country's foreign exchange reserves marginally declined by USD 392.6 million to USD 366.77 billion in the week to August 26 on account of fall in foreign currency assets, RBI said.
Last week, the reserves had increased by a healthy USD 1.346 billion to touch a record high of USD 367.169 billion.
FCAs, a major component of the overall reserves, fell by USD 390.2 million to USD 341.285 billion, the Reserve Bank said Friday.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies such as euro, pound and yen held in the reserves.
Gold reserves remained unchanged at USD 21.584 billion.
The country's special drawing rights with International Monetary Fund fell by USD 0.9 million to USD 1.496 billion, while the reserve position was down by USD 1.5 million to USD 2.410 billion, RBI said.