Categories: Business

Forex reserves rejected $ 1.14 billion to $ 640.8 billion

Mumbai: Indian Forex reserves decreased by $ 1.145 billion to $ 640.874 billion for the week ended on November 5 on a decline in currencies and gold assets, the reserve bank said on Friday.
Overall reserves have increased by $ 1.919 billion to $ 642,019 billion for previous week reporting.
Foreign currency assets, the main part of the overall reserve, decreased by $ 881 million to $ 577.581 billion for weekly reporting, said RBI in weekly data.
Stated in the term dollar, foreign currency assets include the effect of appreciation or depreciation of non-US units such as euros, pounds and yen held in foreign exchange reserves.
The value of gold reserves decreased by $ 234 million to $ 38.788 billion in week reporting, data showed.
Special image rights (SDR) with the International Monetary Fund (IMF) decreased by $ 17 million to $ 19,287 billion.
The position of the state reserves with the IMF decreased by $ 14 million to $ 5.228 billion in week reporting, data showed.

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