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After rising for two consecutive weeks, the country’s foreign exchange reserves decreased marginally by $152.4 million to $421.33 billion in the week to March 16, on account of a fall in foreign currency assets, the RBI said today.
In the previous week, the reserves had increased by $728.9 million to $421.48 billion.
The reserves had touched a life-time high of $421.91 billion on February 9, FY18. It had crossed the $400-billion mark for the first time in the week to September 8, 2017 but has since been fluctuating.
In the reporting week, foreign currency assets, a major component of the overall reserves, declined by $175.2 million to $396.156 billion.
Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.
Gold reserves increased by $13.2 million to $21.562 billion, the central bank said.
The special drawing rights with the International Monetary Fund rose by $4.1 million to $1.538 billion.
The country’s reserve position with the Fund also increased by $5.5 million to $2.077 billion, RBI said.
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