For the week ended August 29, foreign currency assets, a major component of the reserves, decreased $3.652 billion to $582.251 billion, the data released on Friday showed.
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Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.
The gold reserves decreased $665 million to $85.003 billion during the week, the RBI said. The special drawing rights (SDRs) were down $46 million to $18.736 billion, the apex bank said.
India’s reserve position with the IMF was also down $23 million at $4.731 billion in the reporting week, the apex bank data showed.