Forex reserves down by $149.7 million to $352.365 billion

Mumbai: Country's foreign exchange reserves declined by USD 149.7 million to USD 352.365 billion in the week to November 20, due to fall in foreign currency assets, according to RBI data.

In the previous week, the reserves had increased by USD 780.9 million to USD 352.515 billion.

Foreign currency assets (FCAs), a major component of overall reserves, fell by USD 133.5 million to USD 328.395 billion in the reporting period, RBI said in a release here Friday.

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

The gold reserves remained unchanged at USD 18.691 billion in the week.

India's special drawing rights with the International Monetary Fund declined by USD 12.2 million to USD 3.986 billion in the week, while country's reserve position with the Fund fell by USD 4 million to USD 1.292 billion, the apex bank said.