Mumbai, Nov 24 (IANS) India's foreign exchange (forex) reserves went down by $32.7 million and stood at $293.52 billion for the week ended Nov 16, the Reserve Bank of India (RBI) data showed.
The reserves had went down by $781.5 million to $293.55 billion in the previous week. The forex had declined by $950.3 million to $294.34 billion for the week ended Nov 2.
The foreign currency assets (FCA) ? the biggest component of the forex reserves ? were down $16.4 million at $258.69 billion, according to the weekly statistical supplement released by the RBI.
India's central bank said FCA in US dollar terms included the effect of appreciation or depreciation of non?US currencies held in reserve, such as the pound sterling, euro and yen.
However, the gold reserves value had remained unchanged at $28.18 billion since the week ended Nov 2, when the value of gold reserves rose by 56.4 million at $28.18 billion.
The special drawing rights (SDRs) declined by $10.8 million to $4.39 billion during the week under review while reserves with the International Monetary Fund (IMF) were down by $5.5 million to $2.24 billion.
The SDRs had decreased $19.6 million to $4.40 billion during the week ended Nov 2 while reserves with the IMF were up by $10.1 million to $2.25 billion.
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