India's foreign exchange reserves down by $915.8m to $399.609b

The foreign exchange reserves of India has declined by $915.8 million US dollar to $399.609 billion US dollar in the week to October 5 on account of a fall in foreign currency assets, according official data.

According to the Reserve Bank of India (RBI) data, the reserves had declined by $1.265 billion to $400.52 billion in the previous week.

In the last week, foreign currency assets, a major component of the overall reserves, decreased by $1.011 billion to $375.231 billion, as per the RBI data.

Expressed in US dollar terms, foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen held in the reserves, reports PTI.

Forex reserves had touched a record high of $ 426.028 billion in the week to April 13, 2018, but have been declining since then.

Gold reserves rose by $ 107.3 million to $ 20.450 billion in the reporting week.

The special drawing rights with the International Monetary Fund (IMF) declined by $4.3 million to $1.466 billion.

The country's reserve position with the IMF also dipped by $ 7.2 million to $ 2.460 billion, the apex bank said.