Foreign exchange (forex) reserves fell by $1.12 billion to $276.26 billion during the week ending September 27 largely due to a sharp fall in foreign currency assets (FCA), according to the Reserve Bank of India data.
The reserves had jumped $2.03 billion to $277.38 billion in the previous reporting week.
In the week ending September 27, FCA declined by $1.29 billion to $247.92 billion, according to the RBI.
The gold reserves remained unchanged at $21.724 billion for the fourth week in a row.
The other components of forex reserves include special drawing rights which rose by $1.1 million to $4.43 billion, and the country's reserve position in the IMF was up $177.7 million to $2.19 billion, the RBI data showed.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.