Forex Reserves Decline $ 193.8 Million to $ 365.31 Billion

  • 05-Dec-2016
  • Forex Reserves Decline $ 193.8 Million to $ 365.31 Billion

The Country’s forex reserves had gone down by $ 1.542 billion to $ 365.5 billion in the previous week.

In its weekly statistical supplement, the central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, had gone down by $ 187.1 million to $ 341.089 billion during the week.

Country’s gold reserves remained unchanged at $ 20.461 billion, while its special drawing rights (SDRs) decreased by $ 2.7 million to $ 1.442 billion. India's reserve position in the International Monetary Fund (IMF) fell by $ 4 million to $ 2.314 billion.

SOurce: Dailyshippingtimes.com

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