Mumbai: India’s forex reserves dropped by USD 2.063 billion to USD 335.729 billion in the week to March 13, due to fall in foreign currency assets.
The reserves in the previous week had dropped marginally by USD 286.3 million to USD 337.793 billion after touching a life-time high of USD 338.079 billion, a week earlier. The FCAs, a major constituent of overall reserves, declined by USD 1.975 billion to USD 310.347 billion, the Reserve Bank data showed.
Its gold reserves remained unchanged at USD 19.837 billion for the reporting week. The FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen, held in the reserves.
