<p> Forex reserves had tanked by US$4.5 billion last week due to changes in values of international currencies and import payments, making it the biggest weekly fall in over 20 months.<br /><br />Foreign currency assets, a major component of the country’s foreign exchange reserves, slid to US$256.369 billion sliding by US$222 million compared to previous week’s US$256.591 billion, the the Reserve Bank of India (RBI) said in its weekly data released on Friday.<br /><br />Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as the euro, sterling and yen, held in the reserves, the apex bank said.</p>
<p> Forex reserves had tanked by US$4.5 billion last week due to changes in values of international currencies and import payments, making it the biggest weekly fall in over 20 months.<br /><br />Foreign currency assets, a major component of the country’s foreign exchange reserves, slid to US$256.369 billion sliding by US$222 million compared to previous week’s US$256.591 billion, the the Reserve Bank of India (RBI) said in its weekly data released on Friday.<br /><br />Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as the euro, sterling and yen, held in the reserves, the apex bank said.</p>