Forex re­serves down by $916 m

The Hindu Business Line - - FRONT PAGE - PTI

The coun­try’s for­eign ex­change re­serves de­clined by $915.8 mil­lion to $399.609 bil­lion in the week to Oc­to­ber 5 on ac­count of a fall in for­eign cur­rency as­sets, ac­cord­ing to RBI data. In the pre­vi­ous week, the re­serves had de­clined by $1.265 bil­lion to $400.52 bil­lion. In the re­port­ing week, for­eign cur­rency as­sets, a ma­jor com­po­nent of the over­all re­serves, de­creased by $1.011 bil­lion to $375.231 bil­lion. Forex re­serves had touched a record high of $426.028 bil­lion in the week to April 13, but have been de­clin­ing since then

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