9/8/2016

Forexreservesdownby$231millionto$363.23billionTheEconomicTimes
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Forexreservesdownby$231millionto
$363.23billion
PostaComment

ByPTI|Jun17,2016,07.32PMIST

READMOREONreservebankofindia|RBI|foreigncurrencyassets

MUMBAI:Aftertouchingarecordhighlast
week,thecountry'sforeignexchange
reservesdeclinedby$231millionto
$363.233billionintheweekendedJune
10,ReserveBankofIndiasaidtoday.
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Inthepreviousweek,thereserveshad
increasedby$3.27billiontohitanalltime
highof$363.46billion.
Themarginaldeclineinreserveswason
accountoffallinforeigncurrencyassets
(FCAs),amajorcomponentoftheoverall
reserves.

Themarginaldeclineinreserveswasonaccountoffallin
foreigncurrencyassets(FCAs),amajorcomponentofthe
overallreserves.

FCAsdecreasedby$243millionto$338.979billioninthereportingweek,RBIdata
showed.
FCAs,expressedindollarterms,includetheeffectofappreciation/depreciationofnonUS
currenciessuchastheeuro,poundandyenheldinthereserves.
Goldreservesremainedunchangedat$20.33billion.
Thecountry'sspecialdrawingrightswiththeInternationalMonetaryFundincreasedby
$9.8millionto$1.504billionandthereservepositiongrewby$2.2millionto$2.421
billion,thecentralbanksaid.
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