MUMBAI: India's forex reserves declined by $1.425 billion to $631.527 billion for the week ended in February 25 due to a dip in currency assets, according to the Reserve Bank data released on Friday.
The overall reserves had increased by $2.762 billion to $632.952 billion in the previous reporting week.
During the reporting week, the foreign currency assets (FCA) declined by $2.228 billion to $564.832 billion.
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 value of the gold reserves continued its northward journey and increased by $958 million to $42.467 billion in the reporting week, the data showed.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) decreased by $122 million to $19.04 billion, the RBI said.
The country's reserve position with the IMF also decreased by $34 million to $5.187 billion in the reporting week, the data showed.
