In the previous week, the reserves had slid by $ 2.713 million to $ 637.687 billion.
PTI
December 10, 2021 / 07:36 PM IST
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India’s foreign exchange reserves declined for the second consecutive week, ending $ 1.783 billion down at $ 635.905 billion for the week ended December 3, RBI data showed on Friday.
In the previous week, the reserves had slid by $ 2.713 million to $ 637.687 billion.
In the reporting week ended December 3, the dip in the forex kitty was mainly on account of a decline in foreign currency assets (FCA), a major component of the overall reserves.
The FCA dropped by $ 1.483 billion to $ 573.181 billion in the reporting week, the data 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.
Gold reserves were down by $ 407 million to $ 38.418 billion.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) were up by $ 90 million to $ 19.126 billion.
The country’s reserve position with the IMF also increased by $ 17 million to $ 5.18 billion in the reporting week, as per the data.
