The foreign curreny assets (FCA), during the period, went up to US$298.786 billion, up US$125 million, from US$298.661 billion in the previous week, Reserve Bank of India said in its weekly report. FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves, RBI said.

The gold reserves and the special drawing rights, during the period, remained static at US$9.208 billion and US$11 million respectively,  the central bank said.

Meanwhile, India’s reserve position in the International Monetary Fund (IMF) fell for the second consecutive week by another US$2 million to US$515 million. India’s IMF reserves had fallen by a whopping US$10 million in the previous week to US$517 million, Reserve Bank of India said.