Mumbai June 16 (IANS) India s foreign exchange (Forex) reserves marginally decreased by over $11 million as on June 9 2017.
The Reserve Bank of India s (RBI) weekly statistical supplement released on Friday showed that the overall Forex reserves declined to $381.156 billion from $381.167 billion reported for the week ended June 2.
India s Forex reserves comprise of foreign currency assets (FCAs) gold rserves 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 -- inched down by $8.3 million to $357.28 billion during the week under review.
Besides the US dollar FCAs consist of nearly 20-30 per cent of major (non-US) global currencies. The FCAs also include investments in US Treasury bonds bonds of other selected governments deposits with foreign central and commercial banks.
The country s gold reserves were stagnant at $20.09 billion.
However the SDRs value dipped by $1.3 million to $1.47 billion. The country s reserve position with the IMF slipped by $1.9 million to $2.30 billion.
--IANS
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India s Forex reserves slip by over $11 mn
