Mumbai June 29 (IANS) India s foreign exchange (Forex) reserves plunged by $2.25 billion as on June 22 official data showed on Friday.
According to the Reserve Bank of India s (RBI) weekly statistical supplement the overall forex reserves declined to $407.81 billion from $410.07 billion reported for the week ended June 15.
India s forex reserves comprise of foreign currency assets (FCAs) gold reserves special drawing rights (SDRs) and the RBI s position with the International Monetary Fund (IMF).
Segment-wise FCAs -- the largest component of the Forex reserves -- decreased by $2.83 billion to $382.49 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major global currencies.
As per the data the value of the country s gold reserves rose by $102.9 million to $21.33 billion.
The SDRs value inched up by $0.5 million to $1.49 billion while the country s reserve position with the IMF increased by $475.6 million to $2.49 billion.

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