Forex kitty declines to $284 billon

Forex kitty declines to $284 billon

In the previous week, it stood at US$285.520 billion. Foreign currency assets during the period declined to US$ 266.768 billion as compared to US$268.348 billion in the previous week, RBI said in its weekly report today.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling, yen held in reserves, the RBI said.

Gold reserves during the week went up to US$10.800 billion as compared to US$10.316 billion while the Special Drawing Rights (SDRs) fell to US$5.242 billion as against US$ 5.267 billion, the RBI said.

India’s reserve position in the international monetary fund fell to US$1.581 billion from US$1.589 billion last week, the Reserve Bank of India said.

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