Forex Reserves decreased by USD 2.812 billion to 287.845 billion

India-s Forex reserves were decreased by USD 2.812 billion to 287.845 billion for the week ended 21st June as per the recent weekly data released by RBI. Forex reserves dropped as RBI intervened to arrest steep rupee depreciation. Indian rupee has depreciated by more than 8% in last 1 month and crossed 60 per USD mark.


This decrease was mainly due to decrease in the reserve portion in the Foreign Currency Assets.  The Foreign Currency Assets (FCA) was decreased by USD 2.656 billion to 258.432 billion for the same week. The SDRs (Special Drawing Rights) and Reserve portion with IMF were also decreased by USD 28.3 million and USD 128.4 million respectively for the same week. Gold values remained unchanged at USD 22.836 billion for the same reporting week.