The country's foreign exchange reserves have dipped by another $219 million to touch $32.951 billion last Friday as per the recent Weekly Statistical Supplement issued by the Reserve Bank of India (RBI).
The fall in the foreign exchange reserve is solely on account of the fall in the foreign currency assets which touched $30.245 billion on July 16.
Analysts attribute the fall in foreign currency assets to the intervention by the RBI in its effort to stabilise the rupee following tensions in the border with Pakistan.
Market analysts say that, since peace is restored between the two countries and the stock market, too, has remained buoyant, the economy may see positive foreign institutional investor inflows and a