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After reaching a record high in the previous week, the nation's forex reserves decreased by $1.34 billion to $641.113 billion in the week ended September 10, 2021, according to RBI information.
In the previous week ended September 3, the reserves had actually risen by $8.895 billion to a life time high of $642.453 billion.During the reporting week ended September 10, the fall in the reserves was on account of a decline in Foreign Currency Assets (FCAs), a major component of the total reserves, Reserve Bank of India's (RBI) weekly data released on Friday showed.FCAs dipped by $934 million to $578.879 billion in the reporting week.
Expressed in dollar terms, FCAs consist of the result of appreciation or depreciation of non-US units like the euro, pound and yen kept in the forex reserves.Gold reserves were down by $413 million to $37.669 billion in the reporting week, based on the data.The Unique Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased by $1 million to $19.438 billion.The nation's reserve position with the IMF increased by $5 million to $5.127 billion in the reporting week, the information showed.
