Forex reserves down $57 mn to $363 bn

Posted by Daily Shipping Times on 27-02-2017        Tweet

MUMBAI: India's foreign exchange reserves declined by $56.8 million to $362.73 billion in the week to February 17, on account of dip in foreign currency assets (FCAs), the Reserve Bank said.

In the previous week, the reserves had fallen by $360.9 million to $362.78 billion.

A major component of the overall reserves, FCAs dropped by $59.1 million to $339.72 billion in the reporting week, RBI said.

Gold reserves remained unchanged in the week at $19.248 billion, the Apex Bank said.

The special drawing rights with the International Monetary Fund marginally rose by $0.9 million to $1.443 billion; India's reserve position with the Fund, too, increased by $1.4 million to $2.317 billion, RBI said.