Forex reserves down USD 8.13 bn to USD 537.51 billion
The fall in the reserves for the week ended September 23 was on account of a dip in the foreign currency assets (FCA), a major component of the overall reserves, according to the Weekly Statistical Supplement released by the RBI.
The FCA decreased by USD 7.688 billion to USD 477.212 billion during the reporting week.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The value of the gold reserves decreased by USD 300 million to USD 37.886 billion, the data showed.
The Special Drawing Rights (SDRs) dropped by USD 93 million to USD 17.594 billion. The country’s reserve position with the IMF was down by USD 54 million to USD 4.826 billion in the reporting week, as per the data.