Forex reserves decline by USD 375.8 mn during week ended 20 Oct

Posted by Daily Shipping Times on 30-10-2017        Tweet

MUMBAI: Forex reserves declined by USD 375.8 million to USD 399.9 billion during the week ended 20 October 2017. Foreign currency assets, the largest component, fell by USD 365.9 million to USD 374.9 billion. SDR fell by USD 4 million to USD 1.5 billion and India’s reserve position at IMF also declined by USD 5.9 million to USD 2.3 billion. On the other hand, gold reserves remained unchanged at USD 21.2 billion from week-ago level.