During the reporting week, the fall in the forex kitty was on account of a decline in the(FCA), a major component of the overall reserves, as per weekly data by the of India (RBI).
FCAs dropped by USD 877 million to USD 536.768 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.
Gold reserves increased by USD 626 billion to USD 43.145 billion in the reporting week, the data showed.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by USD 44 million to USD 18.694 billion.
The country’s reserve position with the IMF decreased by USD 16 million to USD 5.086 billion in the reporting week.