Forex reserves dips $231 mn to $363.23 bn in week to June 10

Mumbai: After touching a record high last week, the country's foreign exchange reserves declined by $231 million to $363.233 billion in the week ended 10 June, Reserve Bank said Friday.

Reuters

Reuters

In the previous week, the reserves had increased by $3.27 billion to hit an all-time high of $363.46 billion. The marginal decline in reserves was on account of fall in foreign currency assets (FCAs), a major component of the overall reserves.

FCAs decreased by $243 million to $338.979 billion in the reporting week, RBI data showed.

FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies such as the euro, pound and yen held in the reserves.

Gold reserves remained unchanged at $20.33 billion.

The country's special drawing rights with the International Monetary Fund increased by $9.8 million to $1.504 billion and the reserve position grew by $2.2 million to $2.421 billion, the central bank said.


Updated Date: Jun 17, 2016 19:01 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See