The country’s foreign exchange reserves fell by $311 million to $603.694 billion on April 15, data from the Reserve Bank of India showed on Friday. Foreign exchange reserves fell by $2.471 billion to $604.004 billion on April 8. According to weekly data from the Reserve Bank of India (RBI), the decline in foreign exchange assets (FCA) during the reporting week was driven by a decrease in foreign exchange assets (FCA), a significant component of overall reserves. FCA decreased by $877 million to $536.768 billion.

US dollar-denominated foreign currency assets include the effect of appreciation or depreciation of non-U.S. units such as the euro, pound, and yen held in foreign reserves. Gold reserves rose by $626 billion to $43.145 billion in the reporting week, the data showed.

The International Monetary Fund’s (IMF) Special Drawing Rights (SDR) decreased by $44 million to $18.694 billion.
The country’s reserve position with the International Monetary Fund fell by $16 million to $5.086 billion in the reporting week.