Mumbai, Feb 18 (PTI) India''s foreign exchange reserves declined by USD 752-million to USD 298.663-billion for the week ending February 11, the Reserve Bank said today.
India''s total foreign exchange reserves had stood at USD 299.415-billion the previous week.
Foreign currency assets, the biggest component of the foreign reserves were down USD 707 million, RBI said in its weekly data released this evening.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
The value of the country''s gold reserves remained unchanged at USD 21.92-billion.
Both the special drawing rights (SDRs) and reserve position in the IMF also declined during the reporting week.
The SDRs were down USD 31 million to USD 5.124 billion while India''s reserve position in the IMF declined USD 14 million to USD 2.247 billion.
India''s total foreign exchange reserves had stood at USD 299.415-billion the previous week.
Foreign currency assets, the biggest component of the foreign reserves were down USD 707 million, RBI said in its weekly data released this evening.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
The value of the country''s gold reserves remained unchanged at USD 21.92-billion.
Both the special drawing rights (SDRs) and reserve position in the IMF also declined during the reporting week.
The SDRs were down USD 31 million to USD 5.124 billion while India''s reserve position in the IMF declined USD 14 million to USD 2.247 billion.
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