For the week ended October 17, foreign currency assets, a major component of the reserves, decreased by $1.692 billion to $570.411 billion, the data released on Friday showed.
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Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
Gold value surges
Value of the gold reserves jumped by $6.181 billion to $108.546 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $38 million to $18.722 billion, the apex bank said.
India’s reserve position with the IMF fell by $30 million to $4.602 billion in the reporting week, according to the apex bank’s data.