Thursday 21st, September 2017
canara news

India's Forex reserves down by $211 mn

Published On : 26 Aug 2017


Mumbai, (IANS) India's foreign exchange (Forex) reserves kitty depleted by $211 million as on August 18, 2017, official data showed on Friday.

The Reserve Bank of India's (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves declined to $393.40 billion from $393.61 billion reported for the week ended August 11.

India's Forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI's position with the International Monetary Fund (IMF).

Segment-wise, FCAs -- the largest component of the Forex reserves -- declined by $208.1 million to $369.69 billion during the week under review.

Besides the US dollar, FCAs consist of nearly 20-30 per cent of major (non-US) global currencies. The FCAs also include investments in US Treasury bonds, bonds of other selected governments and deposits with foreign central and commercial banks.

The country's gold reserves were stagnant at $19.94 billion.

However, the SDRs' value dipped by $1.2 million to $1.49 billion.

Similarly, the country's reserve position with the IMF slipped by $1.8 million to $2.26 billion.







More News

Modi's meeting with FM, Finmin officials postponed
Modi's meeting with FM, Finmin officials postponed
Touch qualifies to IATAS-Emmy Awards; Makes India proud
Touch qualifies to IATAS-Emmy Awards; Makes India proud
Flipkart expects 17x jump in fashion business during Big Billion Days sale
Flipkart expects 17x jump in fashion business during Big Billion Days sale

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.