According to the Reserve Bank of India's weekly statistical supplement, the overall Forex reserves decreased to $368.99 billion from $369.95 billion reported for the week ended March 31.
India's Forex reserves comprise of foreign currency assets (FCAs), gold, special drawing rights (SDRs) and the Reserve Bank of India's position with the International Monetary Fund (IMF).
Segment-wise, FCAs -- the largest component of the Forex reserves -- receded by $951 million to $345.36 billion during the week under review.
Apart from the US dollar, FCAs consist of nearly 20-30 per cent of major (non-US) global currencies. The FCAs include investments in US Treasury bonds, bonds of other selected governments, deposits with foreign central and commercial banks.
The country's gold reserves were stagnant at $19.86 billion.
However, SDRs' value fell by $3.1 million to $1.44 billion. The country's reserve position with the IMF inched lower by $2.3 million to $2.31 billion.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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