Reversing the trend, India's foreign exchange reserves inched up marginally to $273.364 billion during the week ended May 21 compared to $273.300 billion, a week earlier.
The forex reserves of the country have gone down by nearly $6 billion in the previous two weeks, due to the depreciation of major global currencies and possible dollar sale by the RBI in the market to support rupee.
Foreign currency assets, during the week, went up to $248.637 billion as against $248.597 billion in the previous week, the RBI said in its weekly report.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as euro, sterling and yen, held in the reserves, the RBI said.
During the week, gold reserves remained static at $18.537 billion, while the country's special drawing rights slightly improved to $4.877 billion, the RBI said.
India's reserves position in the International Monetary Fund also went up to $1.313 billion from $1.308 billion a week ago, the RBI said.