Mumbai, November 19, : .India’s foreign currency reserves decreased by $763 Million during the week ending November 12. For the week ending November 5, 2016, USD reserves at Reserve Bank of India declined by $640.112 to $640.874 billion.
India has forex reserves that include foreign currency assets (FCAs), precious metals reserves, SDRs and its reserve position with IMF.
Weekly, FCAs (the largest part of forex reserves) fell by $2.094 to $575.487 trillion.
The country’s total gold reserve increased by $1.461 to $40.239 million.
However, SDR values were lower at $103 billion to $19.184billion, and the reserve position of the United States with the IMF decreased by $27million to $5.201billion.
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