Forex Reserves Drop $3.017 Billion to $542.021 Bn in the Week Ended September 25

After touching a lifetime high in the previous week, the country’s foreign exchange reserves declined by $ 3.017 billion to $ 542.021 billion in the week ended September 25, RBI data showed on Friday. In the week ended September 18, the reserves had increased by $ 3.378 billion to a record $ 545.038 billion.

During the reporting week, the decline in the forex kitty was mainly due to a fall in foreign currency assets (FCAs), a major component of the overall reserves. FCAs decreased by $ 1.523 billion to $ 499.941 billion, the central bank data showed.