Country's foreign exchange reserves declined by $4.56 billion to $282.79 billion for the week ended August 13, as against $287.35 billion the previous week due to a heavy dent in foreign currency assets.
Foreign currency assets, which is a major component of the country's foreign exchange reserves, tanked by $4.49 billion to $256.59 billion, against the previous week's $261.07 billion, the Reserve Bank of India (RBI) said in its weekly data released today.
Foreign currency assets expressed in the US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as the euro, sterling and yen, held in the reserves, the apex bank said.
The country's gold remained unchanged at $19.27 billion while India's special drawing rights (SDRs) and reserve position in the International Monetary Fund (IMF) also slid marginally, the data showed.
India's SDRs were down by $56 million to $4.985 billion while its reserve position in the IMF went down by $21 million to $1.937 billion, the RBI said.