The reserve position with the IMF also decreasedby $8 millionto $5.119 billionThe country's foreign exchangereservesdeclinedby $1.47billionto $639.642 billion in the week ended September 17, RBI data showed on Friday.
In the previous week ended September 10, 2021, thereserveshad dippedby $1.34 billionto $641.113 billion.Thereserveshad surgedby $8.895 billiontoa lifetime high of $642.453 billion in the week ended September 3, 2021.
During the reporting week ended September 17, 2021, the drop in theforexkitty was mainly on account of a decline in the foreign currency assets (FCAs), a major component of the overallreserves.FCAs slumpedby $892 millionto $577.986 billion, weekly databythe Reserve Bank of India (RBI) showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchangereserves.Goldreservesweredownby $567 millionto $37.103 billion in the reporting week, as per the data.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) declinedby $4 millionto $19.434 billion.The country's reserve position with the IMF also decreasedby $8 millionto $5.119 billion in the reporting week, the data showed.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)