A India's foreign exchange reserves declined by $31.6 million to $309.413 billion in the week ended April 18 on account of a fall in currency assets.Total reserves had jumped by $2.79 billion to $309.44 billion in the previous week.
Foreign currency assets (FCAs), a major part of the overall reserves, fell by $16.2 million to $281.536 billion for the period under review, the Reserve Bank of India (RBI) said on Friday.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in its reserves.Gold reserves remained unchanged at $21.566 billion, as per the RBI data.
Special drawing rights dipped by $10.9 million to $4.472 billion, and India's reserve position with the IMF dropped $4.5 million to $1.837 billion, the apex bank said.
Foreign currency assets (FCAs), a major part of the overall reserves, fell by $16.2 million to $281.536 billion for the period under review, the Reserve Bank of India (RBI) said on Friday.
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in its reserves.Gold reserves remained unchanged at $21.566 billion, as per the RBI data.
Special drawing rights dipped by $10.9 million to $4.472 billion, and India's reserve position with the IMF dropped $4.5 million to $1.837 billion, the apex bank said.