Rediffmail Money rediffGURUS BusinessEmail

Forex reserves down by $231 mn to $363.23 bn

June 17, 2016 18:46 IST
Source:PTI

The marginal decline in reserves was on account of fall in foreign currency assets

After touching a record high last week, the country's foreign exchange reserves declined by $231 million to $363.233 billion in the week ended June 10, Reserve Bank said on Friday.

In the previous week, the reserves had increased by $3.27 billion to hit an all-time high of $363.46 billion.

The marginal decline in reserves was on account of fall in foreign currency assets (FCAs), a major component of the overall reserves.

FCAs decreased by $243 million to $338.979 billion in the reporting week, RBI data showed.

FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies such as the euro, pound and yen held in the reserves.

Gold reserves remained unchanged at $20.33 billion.

The country's special drawing rights with the International Monetary Fund increased by $9.8 million to $1.504 billion and the reserve position grew by $2.2 million to $2.421 billion, the central bank said.

Source: PTI
© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

More News Coverage

International Monetary FundReserve BankRBI

RELATED STORIES

WEB STORIES

9 Things To Know About Sugar Substitute Stevia

8 Places From The World Of Sherlock Holmes & Doyle

The Art Of Tea: 7 Special Tea Recipes

VIDEOS

NEWS BUSINESS MOVIES CRICKET SPORTS GET AHEAD REDIFF-TV REDIFF ASTRO MOBILE RECHARGE BILL PAYMENTS