Mumbai: India’s foreign-exchange reserves fell $144 million to $283.5 billion in the week ended Dec. 25, the Reserve Bank of India (RBI) said.
Foreign-currency assets fell $132 million to $258.7 billion, while the nation’s gold reserves remained unchanged at $18.2 billion, the RBI said on Friday in a faxed statement.
India’s special drawing rights with the International Monetary Fund (IMF) fell $9 million to $5.2 billion, while its reserves with the IMF fell $3 million to $1.4 billion.
The change in foreign-currency assets is partly because of changes in the value of the dollar against the euro, yen and other currencies during the period, the central bank said.
Total reserves jumped $28.9 billion in the past year, the bank said. The assets comprise overseas currencies, gold and special drawing rights with the IMF.