The country's foreign exchange reserves dipped by $223 million to $299.17 billion driven by a drop in its foreign currency assets. The total reserves stood at $ 299.40 billion the week before. Foreign currency assets, the biggest component of the total foreign reserves, came down by $269 million to $269.28 billion for the week ended January 28, the Reserve Bank of India said in its weekly data released.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
The country's gold reserves remained unchanged at $22.47 billion, while both special drawing rights (SDRs) and reserve position in the IMF improved marginally.
The SDRs were up $32 million to $5.19 billion, while India's reserve position in the IMF increased by $14 million to $2.262 billion, the RBI data showed.
