Forex reserves down USD 5.2 bln to USD 545.65 bln as of Sept 16

Updated: Sep 23 2022 6:42PM

Mumbai, Sep 23 (PTI) The country's forex kitty continued its southward journey, with the overall reserves declining by USD 5.219 billion to USD 545.652 billion for the week ended September 16, the RBI said on Friday.

The reserves, which have been dipping as the central bank deploys the kitty to defend the rupee amid a pressure caused majorly by global developments, had declined by USD 2.23 billion to USD 550.87 billion in the previous week.

The fall in the reserves for the week ended September 16 was on the account of a dip in the Foreign Currency Assets (FCA), a major component of the overall reserves, according to the Weekly Statistical Supplement released by the Reserve Bank of India (RBI) on Friday.