India's forex reserves dip by $867 mln to $593.04 bln
Reserve Bank of India (RBI) showed on Friday.
Previously, forex reserves decreased by $4.99 billion to $593.90 billion for the week ended on September 8.
According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $511 million to $525.92 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves dipped by $384 million to $44 billion, while SDRs were up by $32 million to $18.09 billion.
Reserve position in the IMF decreased by $4 million to $5.03 billion.
It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.
