Forex reserves fall to $363 bn as on June 10

Foreign exchange reserves as on June 10 fell by $231 million from a week ago to $363.233 billion, according to data from the Reserve Bank of India.

Foreign currency assets (FCAs), which form a key component of the reserves, fell by $243 million from the previous week to $338.979 billion.

Movements in FCAs occur mainly on account of purchase and sale of foreign exchange by the RBI in the foreign exchange market in India, income arising out of the deployment of the foreign exchange reserves, external aid receipts of the central government and revaluation of the assets.

Gold reserves remained unchanged at $20.328 billion.