In the week ended August 14, the reserves declined due to a fall in foreign currency assets (FCA), a major component of the overall reserves.
FCA dropped by USD 743 million to USD 491.550 billion in the reporting week, the central bank 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.
The gold reserves slumped USD 2.19 billion in the reporting week to USD 37.595 billion, as per the RBI data.
The special drawing rights with the International Monetary Fund (IMF) declined by USD 2 million to USD 1.479 billion.
The country's reserve position with the IMF also dipped by USD 4 million to USD 4.628 billion during the reporting week.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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