India's foreign exchange reserves decline-Reserve Bank Of India

 India's foreign exchange reserves declined by $112 million to $314.507 billion on the back of a dip in foreign currency assets (FCAs) for the week ended July 15. 

1. Reserve Bank of India - Liabilities and Assets
(` crore)
Item	2010	2011		Variation
	Jul. 16	Jul. 8	Jul. 15 #	Week	Year
	1	2	3	4	5
Loans and advances
Central Government	—	33,672	39,232	5,560	39,232
State Governments	—	247	629	382	629

2. Foreign Exchange Reserves
Item	As on Jul. 15, 2011		Variation over
			Week		End-March 2011		End-December 2010		Year
	` Crore	US$ Mn.	` Crore	US$ Mn.	` Crore	US$ Mn.	` Crore	US$ Mn.	` Crore	US$ Mn.
	1	2	3	4	5	6	7	8	9	10
Total Reserves	14,00,972	314,507	5,301	–112	39,958	9,689	68,618	17,173	82,074	32,606
(a) Foreign Currency Assets +	12,57,079	282,299	5,137	–115*	32,196	7,969	57,002	14,485	60,511	26,622
(b) Gold $	1,10,317	24,668	—	—	7,745	1,696	9,631	2,198	17,613	4,774
(c) SDRs @	20,414	4,584	100	2	13	15	–2,339	–494	–2,927	–403
(d) Reserve position in the IMF**	13,162	2,956	64	1	4	9	4,324	984	6,877	1,613
+ : Excludes ` 1,113  crore /US$ 250 million invested in foreign currency denominated bonds issued by IIFC (UK). * : Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies (such as Euro, Sterling, Yen) held inreserves. For details, please refer to the Current Statistics section of the RBI Bulletin. ** : Reserve Position in the International Monetary Fund (IMF), i.e., Reserve Tranche Position (RTP) which was shown as a memo item from May 23, 2003 to March 26,2004 has been included in the reserves from the week ended April 2, 2004 in keeping with the international best practice. @ : Includes SDR 3,082.5 million (equivalent to US$ 4,883 million) allocated under general allocation and SDR 214.6 million (equivalent to US $ 340 million) allocatedunder special allocation by IMF done on August 28, 2009 and September 9, 2009, respectively. $ : Includes ` 31,463 crore (USD 6,699 million) reflecting the purchase of 200 metric tonnes of gold from IMF on November 3, 2009.

3. Scheduled Commercial Banks - Business in India
(` crore)
Item		Outstandingas on Jul. 1 # 2011	Variation over
			Fortnight	Financial year so far		Year-on-year
				2010-2011	2011-2012	2010	2011
		1	2	3	4	5	6
Liabilities to Others
	Aggregate deposits	54,88,682	1,43,981	1,44,022	2,80,712	6,05,882	8,51,833
			(2.7)	(3.2)	(5.4)	(15.0)	(18.4)
	Demand	6,03,035	53,637	–30,134	–38,670	1,05,421	–12,440
	Time	48,85,646	90,343	1,74,156	3,19,382	5,00,461	8,64,274
Bank Credit		40,86,326	84,806	1,63,357	1,44,244	6,12,578	6,78,181
			(2.1)	(5.0)	(3.7)	(21.9)	(19.9)
	Food Credit	79,607	2,279	5,961	15,324	–3,224	25,157
	Non-Food credit	40,06,719	82,527	1,57,396	1,28,919	6,15,802	6,53,024

5. Accommodation Provided by Scheduled Commercial Banks to Commercial Sector in the form of Bank Credit and Investments in Shares/Debentures/Bonds/Commercial Paper etc.
(` crore)
Item	2011 – 2012			2010 – 2011
	Outstanding as on		Variation	Outstanding as on		Variation
	2011		(2) - (1)	2010		(5) - (4)
	Mar. 25	Jul. 1		Mar. 26	Jul. 2
	1	2	3	4	5	6
3. Total (1B+ 2)	40,25,401	41,48,581	1,23,180	33,14,370	34,81,866	1,67,496
Note : Data on investments are based on Statutory Section 42(2) Returns.

 India's foreign exchange reserves declined by $112 million to $314.507 billion on the back of a dip in foreign currency assets (FCAs) for the week ended July 15. 

The reserves had declined by $1.10 billion in the previous week to $314.62 billion. 

FCAs, the biggest component of the foreign reserves, were down $115 million to $282.30 billion for the week under review, the Reserve Bank said in its weekly data released this evening. 

FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves, it said. 

The country's gold reserves remained unchanged at 24.668 billion, the apex bank data said. 

Both the special drawing rights (SDRs) and reserve position in the International Monetary fund showed an increase during the week, RBI said. 

The SDRs were up by $2 million to $4.584 billion, while India's reserve position in the IMF increased by $1 million to $2.956 billion, the RBI data showed.