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The country’s foreign exchange reserves declined by $4.255 billion to $580.299 billion in the week ended March 5, according to RBI data. In the previous week ended February 26, the reserves rose by $689 million to $584.554 billion. It had touched a record high of $590.185 billion in the week ended January 29. In the reporting week ended March 5, the fall in reserves was due to a decline in the Foreign Currency Assets.
The FCA dipped by $3.002 billion to $539.613 billion, the Reserve Bank of India’s weekly data showed.
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