The forex kitty had touched a record high of $ 590.185 billion in the week ended January 29, 2021.
PTI
April 09, 2021 / 06:43 PM IST
The country’s foreign exchange reserves declined by $ 2.415 billion to stand at $ 576.869 billion in the week ended April 2, RBI data showed on Friday.
In the previous week ended March 26, the reserves had decreased by $ 2.986 billion to $ 579.285 billion.
The forex kitty had touched a record high of $ 590.185 billion in the week ended January 29, 2021.
In the reporting week ended April 2, 2021, the decline in the reserves was mainly on account of a fall in foreign currency assets (FCA), a major component of the overall reserves.
FCA declined by $ 1.515 billion to $ 536.438 billion, weekly data by the Reserve Bank of India (RBI) showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The gold reserves dropped by $ 884 million to $ 34.023 billion in the reporting week, as per the central bank data.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by $ 4 million to $ 1.486 billion.
The country’s reserve position with the IMF declined by $ 12 million to $ 4.923 billion in the reporting week, the data showed.
