Continuing a downward trend for the third consecutive week, India's foreign exchange reserves fell by USD 101.3 million to USD 315.596 billion in the week ended 19th September.A RBI press release said that the decline has been registered despite a rise in the Foreign Currency Assets – FCAs, which form a major part of the overall reserves.FCAs rose by USD 18.9 million to USD 288.783 billion for the week under review.In the week ended 12th September, the reserves had dropped by USD 1.615 billion to USD 315.697 billion.The gold reserves remained unchanged at USD 20.933 billion.The special drawing rights were down USD 8.4 million to USD 4.324 billion, while India's reserve position with the IMF dipped by USD 111.8 million to USD 1.555 billion during the week.
News On AIR | September 26, 2014 9:15 PM