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The total foreign exchange reserves had declined by $1.60 billion to $291.92 billion in the previous reporting week.
Foreign currency assets, a major component of the forex reserves, were down by $621.1 million to $257.61 billion for the week ended March 1, Reserve Bank's weekly statistical supplement said today.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
After remaining unchanged for a few weeks, the gold reserves declined by $682.6 million to $26.292 billion during the week, the apex bank said.
For the week under review, the special drawing rights (SDRs) were down by $24.8 million to $4.351 billion, while the country's reserve position with the IMF was also down by $13.2 million to $2.322 billion, the apex bank data showed.
