Foreign exchange reserves fall by $2.6 bn to $340.41 bn

The Reserve Bank of India’s foreign exchange reserves fell by $2.6 billion to $340.41 billion for the week ending April 10, shows data released on Friday.

Just a week ago, foreign exchange reserves were at an all-time high of $343 billion.

Foreign currency assets, a key component, fell $2.51 billion to $316.13 billion.

During the week gold reserves remained unchanged at $19.04 billion.

For the week under review, the Special Drawing Rights fell by $61.9 million to $3.96 billion, while India’s reserve position with the International Monetary Fund was down $20 million to $1.28 billion.