Mumbai: Country’s foreign exchange reserves Data from the Reserve Bank of India (RBI) showed that it declined by $ 3.007 billion to $ 561.046 billion for the week ended August 26.
In the previous week ended August 19, reserves fell by $6.687 billion to $564.053 billion.
According to the weekly statistical supplement released by the Reserve Bank of India, the fall in reserves during the reporting week ended August 26 was on account of decline in foreign currency assets (FCA), a major component of overall reserves and gold reserves. on Friday.
FCA declined by $2.571 billion to $498.645 billion in the week under review.
Expressed in dollar terms, foreign currency assets include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves.
The data showed that gold reserves declined by USD 271 million to USD 39.643 billion.
Special drawing rights (SDRs) declined by $155 million to $17.832 billion.
The country’s reserve position with the IMF also declined by $10 million to $4.926 billion in the reporting week, the data showed.
In the previous week ended August 19, reserves fell by $6.687 billion to $564.053 billion.
According to the weekly statistical supplement released by the Reserve Bank of India, the fall in reserves during the reporting week ended August 26 was on account of decline in foreign currency assets (FCA), a major component of overall reserves and gold reserves. on Friday.
FCA declined by $2.571 billion to $498.645 billion in the week under review.
Expressed in dollar terms, foreign currency assets include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves.
The data showed that gold reserves declined by USD 271 million to USD 39.643 billion.
Special drawing rights (SDRs) declined by $155 million to $17.832 billion.
The country’s reserve position with the IMF also declined by $10 million to $4.926 billion in the reporting week, the data showed.