The fall in reserves was due to a fall in foreign currency assets (FCA) and gold reserves during the week ended August 19.
The fall in reserves was due to a fall in foreign currency assets (FCA) and gold reserves during the week ended August 19.
According to the Reserve Bank of India (RBI) data, the country’s foreign exchange reserves fell by $ 6.687 billion to $564.053 billion for the week ended August 19.
In the previous week ended August 12, reserves declined by $2.238 billion to $570.74 billion.
According to the weekly statistical supplement released by the RBI on Friday, the fall in reserves was due to a fall in foreign currency assets (FCA) and gold reserves during the week ended August 19.
FCA fell by $5.779 billion to $501.216 billion in the reporting week.
Expressed in dollar terms, FCAs 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 $704 million to $39.914 billion.
Special Drawing Rights (SDRs) decreased by $146 million to $17.987 billion.
The country’s reserve position with the IMF also fell by $58 million to $4.936 billion in the reporting week.