Forex Reserves Down by $1. 03 Bilion to $353. 33 Billion

Mumbai : Country's forex kitty shrunk by $1. 03 billion to $353. 33 billion upon the back of the dip inside the core currency property, the Reserve Bank said on Friday.

Total reserves had slipped using a marginal $156. 9 million to $354. 360 billion inside the previous reporting week.

Foreign currency property (FCAs ), the most important section of the reserves, were down 982. 1 million to $328. 93 billion to the week ended July 17, the RBI said in its weekly data.

FCAs, expressed in dollar terms, include the a result of appreciation and depreciation of non-US currencies, such like the euro, pound and also the yen, held inside the reserves.

The country's gold reserves remained unchanged at $19. 074 billion.

The special drawing rights using the International Monetary Fund were down by $39. 6 million to $4. 018 billion inside the week under review, while India's reserve position using the Fund also decreased by $12. 8 million to $1. 303 billion, the apex bank said.