Forex kitty reduced marginally to $393.40 billion

Posted by Daily Shipping Times on 28-08-2017        Tweet

MUMBAI: After touching a record high, the foreign exchange reserves declined marginally, by USD 211.1 million, to USD 393.401 billion in the week to August 18 due to fall in foreign currency assets, the RBI data showed. In the previous week, the reserves had touched an all time time high of USD 393.612 billion after they had increased by USD 163.8 million.

The foreign currency assets (FCAs), a major component of the overall reserves, decreased by USD 208.1 million to USD 369.690 billion, the data showed.

Gold reserves remained unchanged at USD 19.943 billion.

The special drawing rights with the International Monetary Fund declined by USD 1.2 million to USD 1.497 billion. The Country's reserve position with the IMF declined by USD 1.8 million to USD 2.269 billion, the Apex Bank said.