India's Forex reserves drop by over $152 mn

Posted by Daily Shipping Times on 26-03-2018        Tweet

MUMBAI: India's foreign exchange (Forex) reserves dropped by $152.4 million as on March 16, official data showed recently.

Segment-wise, FCAs -- the largest component of the Forex reserves -- decreased by $175.2 million to $396.15 billion during the week under review.

Besides the US dollar, FCAs consist of nearly 20-30 per cent of major global currencies. However, the Country's gold reserves value rose by $13.2 million to $21.56 billion.

Similarly, the SDRs value increased. It inched up by $4.1 million to $1.53 billion, while the country's reserve position with the IMF edged-up by $5.5 million to $2.07 billion.