The country's foreign exchange reserves fell by a whopping $4.67 billion to $302.1 billion in the week ending December 16 on the back of a dip in foreign currency assets, the Reserve Bank said in Mumbai on.
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 gold reserves remained unchanged at $28.041 billion, the apex bank said.
The country's special drawing rights (SDRs) were down $54 million to $4.439 billion while the reserve position in the International Monetary Fund went up by $47 million to $2.652 billion, the data said.
The total foreign exchange reserves had slipped by $69 million to $306.775 billion in the previous reporting week.