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The RBI’s foreign exchange (forex) reserves fell for the second consecutive week by $2.06 billion to $335.73 billion for the week ended March 13.
After rising for five weeks the reserves had fallen by $286.3 million to $337.79 billion in the week ended March 6.
In the week ended March 13, the foreign currency assets, a key component, fell by $1.97 billion to $3.10 billion. During the week, gold reserves remained unchanged at $19.84 billion, as per RBI data.
Special Drawing Rights fell by $60.8 million to $3.96 billion, while India’s reserve position with the International Monetary Fund was down $27.1 million to $1.59 billion.
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