Foreign exchange reserves fall $325 million in a week to $560.94 billion

Following sharp increases in the reserves in November and December, the RBI's kitty has been declining for the past few weeks

The Reserve Bank of India’s (RBI’s) foreign exchange reserves declined by $325 million to $560.94 billion in the week ended February 24, latest central bank data showed.

The slight fall in the reserves — for the fourth week in a row — was largely on account of a decline in the RBI’s foreign currency assets, which reduced by $166 million to $495.91 billion in the previous week.

In the previous week, the rupee strengthened 0.1 per cent against the US dollar, settling at 82.75 per US dollar on February 24.

Following sharp increases in the reserves in November and December,