Rediffmail Money rediffGURUS BusinessEmail

India's forex reserves dip to $366.77 billion

September 02, 2016 18:32 IST
Source:PTI

Gold reserves remained unchanged at $21.584 billion.

 
 

After reaching a life-time high, India's foreign exchange reserves marginally declined by $392.6 million to $366.77 billion in the week to August 26 on account of fall in foreign currency assets, RBI said.

Last week, the reserves had increased by a healthy $1.346 billion to touch a record high of $367.169 billion.

FCAs, a major component of the overall reserves, fell by $390.2 million to $341.285 billion, the Reserve Bank said on Friday.

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

Gold reserves remained unchanged at $21.584 billion.

The country's special drawing rights with International Monetary Fund fell by $0.9 million to $1.496 billion, while the reserve position was down by $1.5 million to $ 2.410 billion, RBI said. 

Photograph: Reuters

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

RBIInternational Monetary FundReserve BankIndiaReuters

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