India's foreign exchange reserves declined marginally by US $97.9 million to US $322.037 billion in the week to January 23, RBI
said on Friday. In the previous reporting week, the reserves had jumped
by a whopping US $2.66 billion to US $322.135 billion, a new record
high.
Foreign currency assets (FCAs), a major constituent of overall reserves, fell by US $19.7 million to US $297.510 billion in the reporting week, Reserve Bank data showed. FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen, held in reserves.
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Foreign currency assets (FCAs), a major constituent of overall reserves, fell by US $19.7 million to US $297.510 billion in the reporting week, Reserve Bank data showed. FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen, held in reserves.
Read more at Click here / www.trade4x.net
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