India’s forex falls by $1.41 billion
5 Oct 2014 9:59 PM GMT
India’s foreign exchange reserves fell by $1.41 billion to $314.18 billion for the week ended on Sep 26, Reserve Bank of India (RBI) data showed. The reserves had decreased by $101.3 million to $315.59 billion for the week ended on 19 September.
According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, plunged by $1.39 billion at $287.39 billion in the week under review.
The foreign currency assets had decreased by $18.5 million at $288.78 billion in the previous week. The RBI said the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve.
According to the RBI’s weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, plunged by $1.39 billion at $287.39 billion in the week under review.
The foreign currency assets had decreased by $18.5 million at $288.78 billion in the previous week. The RBI said the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve.
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