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India's forex reserves go down

India's foreign exchange reserves dipped $355.55 billion for the week ended March 25, RBI says

Policy Pulse
Publish Date: Apr 2 2016 1:50PM | Updated Date: Apr 2 2016 1:50PM

India's forex reserves go down

India's foreign exchange reserves dipped $355.55 billion for the week ended March 25, Reserve Bank of India (RBI) said.

 
According to central bank’s forex data, the forex reserves stood at $355.55 billion for the week ended March 25 as against $355.94 billin for the week ended March 18.
 
Forex reserves reduction is due to decline in foreign currency assets to $332.14 billion from $332.50 billion for March 18.
 
While there is no change in the value of gold reserves at $19.32 billion, the special drawing rights (SDR) stood at $1.48 billion as on March 25 down from the previous week's level of $1.49 billion.
 
Reserve position in International Monetary Fund (IMF) also came down to $2.599 billion for the week ended March 25 as against $2.618 billion for week ended March 18.