Forex reserves down $4.599 billion to $596.458 billion – Times of India

Mumbai: Country’s foreign exchange reserves For the week ended June 10, it declined by $4.599 billion to $596.458 billion, RBI data showed on Friday.
In the past week, reserves were down by $306 million to $601.057 billion.
Decline during the week ending 10th June foreign exchange reserves This was due to a fall in foreign current assets (FCAs), a major component of the overall reserves.
According to the weekly statistical supplement released by the Reserve Bank of India (RBI) on Friday, the FCA declined by $4.535 billion to $532.244 billion in the week under review.
Expressed in dollar terms, FCAs include the effect of depreciation or depreciation of non-US units such as the euro, pound and yen. foreign currency inventory.
Gold reserves fell marginally by $ 1 million to $ 40.842 billion.
RBI said the Special Drawing Rights (SDR) with the International Monetary Fund (IMF) has come down by $23 million to $18.388 billion.
The country’s reserve position with the IMF also fell by $40 million to $4.985 billion in the reporting week, the data showed.