Forex Reserves dips $161.9 million to $386.377 billion

Posted by Daily Shipping Times on 17-07-2017        Tweet

MUMBAI: The Country's forex reserves declined marginally by $161.9 million to $386.377 billion in the week to July 7 due to a fall in foreign currency assets, RBI data showed.

In the previous week, the reserves had touched a life- time high of $386.539 billion after rising by $4.007 billion. Foreign currency assets (FCAs), a major component of overall reserves, declined by $157 million to $362.231 billion in the reporting week, according to the RBI data.

Gold reserves remained unchanged at $20.348 billion. The special drawing rights with the International Monetary Fund (IMF) were down by $1.9 million to $1.477 billion.