INSUBCONTINENT EXCLUSIVE:
India's foreign exchange (forex) reserves declined by $2.12 billion during the week ended February 8, official data showed on
Friday.According to the Reserve Bank of India (RBI)'s weekly statistical supplement, the overall forex reserves decreased to $398.12
billion from $400.24 billion reported for the week ended February 1.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).On a weekly basis, FCAs, the
largest component of the forex reserves, edged lower by $2.45 billion to $370.98 billion.Besides the US dollar, FCAs consist of 20-30 per
cent of other major global currencies.The RBI's weekly data showed that the value of the country's gold reserves was stagnant at $22.69
billion.The SDR value inched down by $8 million to $1.46 billion, while the country's reserve position with the IMF rose by $337.3 million
to $2.99 billion.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)
