Forex reserves down USD 8.13 bn to USD 537.51 bn

Updated: Sep 30 2022 10:24PM

Mumbai, Sep 30 (PTI) The country's forex kitty continued its southward journey, with the overall reserves declining by USD 8.134 billion to USD 537.518 billion for the week ended September 23, RBI data showed on Friday.

The reserves, which have been dipping as the central bank deploys the kitty to defend the rupee amid global volatility, had declined by over USD 5.2 billion to USD 545.54 billion in the previous reporting week.

The fall in the reserves for the week ended September 23 was on 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 RBI.