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India\'s foreign reserves fall to $311.79 bn |
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India's Forex reserves fell to $311.79 billion, down by $691 million for the week ended June 27 as against $ 312.481 billion in the last week, RBI said in its weekly report.
Reserves had jumped by $1.794 billion to $312.481 billion in the previous week. Similarly, Foreign Currency Assets (FCAS) posted a decline of $694 million during the week and stood at $302.05 billion as compared to $302.744 billion in the previous week.
FCAS, expressed in US dollar terms, include the effect of appreciation or depreciation of non-us currencies such as euro, sterling and yen held in reserves, RBI said.
Gold reserves and special drawing rights, during the week, were static at $9.202 billion and $11 million respectively, the apex bank said.
India's reserve position in the international monetary fund rose in the second consecutive week to $527 million, up $3 million from $524 million in the past week, RBI said. India's Forex reserves fell by $691 million for the week ended June 27 to $311.79 billion as against $312.481 billion in the last week.
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