Forex reserves down by USD 1.67 bn to USD 369.6 bn
After touching a record high, the country's forex reserves declined by USD 1.679 billion to USD 369.6 billion in the week to September 16, RBI data showed today. The reserves had touched a record high of USD 371.279 billion after it increased by USD 3.513 billion in the previous week.
Foreign currency assets (FCAs), a major component of the overall reserves, decreased by USD 1.673 billion to USD 344.073 billion in the reporting week, the Reserve Bank said. FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves.
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After touching a record high, the country's forex reserves declined by USD 1.679 billion to USD 369.6 billion in the week to September 16, RBI data showed today. The reserves had touched a record high of USD 371.279 billion after it increased by USD 3.513 billion in the previous week. 
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