After two consecutive weeks of increase, the country’s foreign exchange reserves fell by $720.3 million to $292.65 billion during the week ended March 20, on a slip in the core currency assets, the Reserve Bank of India said in its weekly statistical supplement.
Total reserves had risen by $1 billion to $293.37 billion in the previous reporting week.
Foreign currency assets, a major component of the forex reserves, were down by $689.4 million to $259.73 billion for the week ended March 20, the Reserve Bank said.
Gold reserves remained unchanged at $26.292 billion, it said.
For the week under review, special drawing rights declined by $14.3 million to $4.327 billion.
