India’s reserves fell by USD 3.235 billion to USD 654.857 billion in the week ended December 6, RBI said on Friday.
In the previous reporting week, reserves rose by USD 1.51 billion to USD 658.091 billion, ending a multi-week decline in the overall kit.
The forex reserves rose to a record high of USD 704.885 billion at the end of September.
In the week ended December 6, foreign financial assets, mostly reserves, fell by USD 3.228 billion to USD 565.623 billion, data released on Friday showed.
Expressed in dollar terms, foreign currency assets include the impact of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange facilities.
Gold reserves fell by USD 43 million to USD 66.936 billion during the week, RBI said.
Special Drawing Rights (SDRs) increased by USD 25 million to USD 18.031 billion, said the apex bank.
India’s reserve position with the IMF rose by USD 12 million to USD 4.266 billion in the reporting week, central bank data showed.
