India's forex reserves decline by USD 1.02 bn
Mumbai, Feb 23 : India's foreign exchange (forex) reserves decreased by USD 1.02 billion to USD 293.51 billion for the week ended Feb 15, according to data released by the central bank.
The reserves had decreased by $611.9 million to $294.54 billion for the week ended Feb 8.
The foreign currency assets (FCA) - the biggest component of the forex reserves - declined by $994.8 million at $259.78 billion, according to the weekly statistical supplement released by the Reserve Bank of India (RBI).
The FCA were lower by $542.8 million at $260.78 billion in the previous week.
The central bank said FCA in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.
Gold reserves value remained the same at $26.97 billion.
The special drawing rights (SDRs) decreased by $19.3 million to $4.40 billion during the week under review, while reserves with the International Monetary Fund (IMF) went down by $10 million to $2.35 billion.
The SDRs had decreased by $31.2 million to $4.42 billion during the previous week, while reserves with the IMF had went up by $37.9 million to $2.36 billion.