Forex Reserves decreased by USD 3.2 billion to 284.644 billion

India-s Forex reserves were decreased by USD 3.2 billion to 284.644 billion for the week ended 28th June as per the recent weekly data released by RBI. Forex reserves dropped as RBI intervened to arrest steep rupee depreciation.


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 3.154 billion to 255.278 billion for the same week. The SDRs (Special Drawing Rights) and Reserve portion with IMF were also decreased by USD 30.8 million and USD 15.5 million respectively for the same week. Gold values remained unchanged at USD 22.836 billion for the same reporting week.