Mumbai, April 9 (IANS): Global currency fluctuations, due to a rise in US dollar strength, depleted India's foreign reserve by over USD 11.173 billion during the week that ended on April 1.
The foreign currency assets (FCAs), the largest component of the forex reserves, got negatively impacted due to the rising US dollar strength against other global currencies.
The FCAs consist of global currencies and securities such as US treasury bonds.
As per the RBI data, the FCAs edged lower by USD 10.727 billion to USD 539.727 billion.
India's overall forex reserves, thus, fell by USD 11.173 billion to USD606.475 billion from USD 617.648 billion reported for the previous week
The country's forex reserves consist of FCAs, gold reserves, SDRs, and the country's reserve position with the IMF.
The value of the gold reserves also decreased by USD 507 million to USD 42.734 billion.
While SDR value gained by USD 58 million to USD 18.879 billion, India's reserve position with the IMF also gained by USD 4 million to USD 5.136 billion.