reserves declined by a massive USD 6.24 billion to reach USD 583.945 billion in the week ended February 5, RBI data showed on Friday.
In the previous week, the reserves had touched a record high of $590.185 billion after rising by $4.852 billion.
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.
FCA
The foreign currency assets (FCAs) has decreased by $4.88 billion to $542.338 billion, weekly data from the Reserve Bank of India (RBI) showed.
Gold Reserves
The Gold reserves decreased by USD 1.327 billion to USD 34.967 billion in the reporting week.
Special Drawing Rights
The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by USD 6 million to USD 1.503 billion.
IMF Reserves
The country’s reserve position with the IMF also declined by USD 27 million to USD 5.138 billion in the reporting week, as per the data.
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