Forex reserves down by $2.11 bn to $398.12 bn in the week ended 8 February: RBI data

Mumbai: The country's foreign exchange reserves declined by $2.119 billion to $398.122 billion in the week to 8 February, due to fall in foreign currency assets, according to the RBI data.

In the previous week, the reserves had surged by $2.063 billion to $400.24 billion.

Forex reserves down by Representational image. News 18..11 bn to 8.12 bn in the week ended 8 February: RBI data

Representational image. News 18.

In the reporting week, foreign currency assets, a major component of the overall reserves, fell by $2.448 billion to $370.981 billion.

Expressed in US dollars, foreign currency assets include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.

The reserves had touched a record high of $426.028 billion in the week to 13 April, 2018. Since then, the forex kitty has been on a slide and is now down by over $31 billion.

Gold reserves remained unchanged at $22.686 billion in the reporting week, the data showed.

The special drawing rights with the International Monetary Fund (IMF) decreased by $8 million to $1.462 billion.

The country's reserve position with the IMF increased by $337.3 million to $2.991 billion, the apex bank said.

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to and hit the Subscribe button.

Updated Date: Feb 15, 2019 19:09:50 IST

Also See