{"id":80531,"date":"2018-06-01T19:26:27","date_gmt":"2018-06-01T19:26:27","guid":{"rendered":"http:\/\/www.bnreport.com\/forex-reserves-decline-by-2-23-bn-to-412-83-bn\/"},"modified":"2018-06-01T19:26:27","modified_gmt":"2018-06-01T19:26:27","slug":"forex-reserves-decline-by-2-23-bn-to-412-83-bn","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/forex-reserves-decline-by-2-23-bn-to-412-83-bn\/","title":{"rendered":"Forex reserves decline by $2.23 bn to $412.83 bn"},"content":{"rendered":"

India's forex reserves<\/a> declined by USD 2.23 billion to USD 412.83 billion for the week ended May 25, on a dip in core currency assets, the Reserve Bank<\/a> said today. <\/p>\n

Total reserves had declined by USD 2.64 billion to USD 415.05 billion in the previous reporting week. <\/p>\n

The reserves had touched a record high of USD 426.028 billion in the week to April 13. It had crossed the USD 400-billion mark for the first time in the week to September 8 last year, but has since been fluctuating. <\/p>\n

The core currency assets fell by USD 2.229 billion to USD 387.597 billion for the reporting week, the apex bank said. <\/p>\n

Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation<\/a> of the non-US currencies such as the euro, the pound and the yen held in the reserves. <\/p>\n

The value of the gold<\/a> assets was unchanged at USD 21.70 billion, it said. <\/p>\n

India's special drawing rights<\/a> declined USD 2.9 million to USD 1.498 billion during the reporting week, while the reserve position in the IMF<\/a> was down USD 3.9 million to USD 2.027 billion, the central bank said. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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