Country's foreign exchange reserves fell by $ 2.92 billion to $ 652.89 billion, data released
Forex Reserves: According to Reserve Bank data, foreign exchange assets, which are considered an important part of the currency reserves, fell by $ 2.09 billion to $ 574.24 billion in the week ended June 14. Foreign exchange assets mentioned in dollar terms include the effect of fluctuations in non-US currencies like Euro, Pound and Yen kept in the foreign exchange reserves.
The country's foreign exchange reserves fell by $2.92 billion to $652.89 billion in the week ended June 14, the Reserve Bank of India said on Friday. In the previous week, foreign exchange reserves had touched a fresh record level of $655.82 billion, with a jump of $4.30 billion.
According to some data from the Reserve Bank, foreign currency assets—the most essential constituent of currency reserves—were down $2.094 billion at $574.24 billion in the week to June 14. Foreign currency assets expressed in dollars include the impact of valuation changes in non-dollar currencies like the euro, pound, and yen held in foreign exchange reserves.
It said that during the week under review, gold reserves lost $1.01 billion to $55.97 billion, and special drawing rights fell by $54 million to $18.11 billion.
It said that in the week under review, India's reserve deposit with the International Monetary Fund increased by $ 245 million to $ 4.58 billion.
