Forex reserves down USD 956.4 mn to USD 368.998 bn

Country's foreign exchange reserves declined by USD 956.4 million to USD 368.998 billion for the week ended April 7 due to fall in foreign currency assets. 

The Reserve Bank said that Foreign currency assets (FCAs), a major component of the overall reserves, dipped by USD 951 million to USD 345.367 billion in the reporting



week. 

RBI said Gold reserves remained unchanged at USD 19.869 billion. The apex bank also stated that the special drawing rights with the International Monetary Fund were down by USD 3.1 million to USD 1.443 billion, while India's reserve position with the Fund, too, decreased by USD 2.3 million to USD 2.318 billion