Continuing a downward trend for the third consecutive week, country’sforeign exchange reserves fell by $101.3 million to $315.596 billion in the week to September 19 despite a rise in non-US currency assets.
In the week to September 12, the reserves had dropped by $1.615 billion to $ 315.697 billion. Foreign currency assets (FCAs), a major constituent of overall reserves, rose by $ 18.9 million to $ 288.783 billion for the week under review, Reserve Bank said
FCAs, expressed in dollar terms, include the effect of appreciation/depreciation of the non-US currencies such as the euro, pound and yen held in reserves. The gold reserves remained unchanged at $20.933 billion.
The special drawing rights were down $ 8.4 million to $ 4.324 billion, while India's reserve position with the IMF dipped by $111.8 million to $1.555 billion during the week, the RBI data showed.