The country’s foreign exchange reserves fell $3.271 billion to $600.423 billion in the week ending April 22, data from the Reserve Bank of India (RBI) shows.
In the previous week, reserves had fallen $311 million to $603.694 billion.
During the reporting week, the decline in reserves was the result of a decline in Foreign Currency Assets (FCA), a major component of total reserves, and gold reserves, the Reserve Bank of India (RBI) weekly data shows. released on Friday. showed.
FCA fell $2.835 billion to $53.933 billion in the week ended April 22.
Expressed in dollars, foreign currency assets include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves.
According to the data, gold reserves fell $377 million to $42.768 billion in the week under review.
Special drawing rights (SDRs) with the International Monetary Fund (IMF) fell $33 million to $18.662 billion, RBI said.
According to the data, the country’s reserve position at the IMF fell by $26 million in the week under review to $5.60 billion.