India's foreign exchange (forex) reserves declined by $795 million during the week ended November 23, official data showed on Friday.
According to the Reserve Bank of India (RBI)'s weekly statistical supplement, the overall forex reserves decreased to $392.78 billion from $393.58 billion reported for the week ended November 16.
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's position with the International Monetary Fund (IMF).
FCAs, the largest component of the forex reserves, edged-lower by $841.3 million to $367.69 billion during the week ended November 23.
Besides the US dollar, FCAs consist of 20-30 per cent of other major global currencies.
However, the RBI's weekly data showed that the value of the country's gold reserves increased by 36.6 million to $20.99 billion.
Further, the SDR value was higher by $3.5 million to $1.457 billion, while the country's reserve position with the IMF increased by $6.2 million to $2.63 billion.
First Published: Nov 30, 2018 11:38 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP is planning to ban RSS, says Shiv Sena (UBT) chief Uddhav Thackeray
May 18, 2024 8:01 PM
Punjab Lok Sabha elections: Complete list of Congress candidates
May 18, 2024 4:08 PM
Punjab Lok Sabha elections: Check full list of AAP candidates and constituencies
May 18, 2024 12:59 PM
PM Modi, Rahul Gandhi election rallies in Delhi today: Here are the routes to avoid
May 18, 2024 11:28 AM