Meanwhile, it added that the foreign currency assets went up by $3.64 billion to $258.264 billion for the week.
Foreign reserves were riding high for last two months on good foreign funds inflow in the country.

Excess liquidity

A part was also contributed by the reported intervention of the RBI to mop up excess liquidity in the market, dealers said.

Foreign currency assets, as expressed in dollars, include the effect of appreciation or depreciation in non-US currencies (euro, sterling and yen) held in reserves.

As per the figures released by the RBI, after a month without any change, the country’s gold assets marked an increase of $444 million to touch $7.811 billion.

However, SDRs were unchanged at $13 million and the reserves in IMF went down by $11 million to $430 million.