This is a discussion on India Foreign exchange within the Investment forums, part of the Financial Services category; India Foreign exchange reserves extended their loss to the second consecutive week and touched $138.53 billion in the week ended ...
India Foreign exchange reserves extended their loss to the second consecutive week and touched $138.53 billion in the week ended June 10 on a slowdown in fund inflows, said the Reserve Bank of India (RBI) Saturday.
This represents a decrease of $135 million in the country's foreign exchange pile from the previous week, showed the weekly figures issued by the central bank here.
The foreign exchange reserves had registered a whopping fall of $1.17 billion in the week ended June 3.
During the week ended June 10, the country's foreign currency assets registered a decrease of $163 million from the previous week to touch $132.57 billion, said the RBI statement.
The central bank said foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves.
Gold reserves remained unchanged at $4.38 billion during the week ended June 10, said the RBI statement.
The country's reserve position in the International Monetary Fund, which is included in the total foreign exchange reserves since April 2, 2004, on the other hand, rose $28 million to $1.58 billion.