India's Forex reserves declines $795 mn during last week
India's foreign exchange (forex) reserves declined by $795 million during the week ended November 23, official data showed on Friday.
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).
FCAs, the largest component of the forex reserves, edged-lower by $841.3 million to $367.69 billion during the week ended November 23.
Besides the US dollar, FCAs consist of 20-30 per cent of other major global currencies.
However, the RBI's weekly data showed that the value of the country's gold reserves increased by 36.6 million to $20.99 billion.
(With inputs from agencies.)