Continuing the trend of the last two weeks, India's foreign exchange reserves, hit by revaluation of foreign currencies, dipped by a massive $1.30 billion for the week ended May 13, 2005.
The foreign exchange reserves stood at $140.17 billion, a decline of 1.30 billion, during the week under review, according to the Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
The country's foreign exchange reserves over the past three weeks have fallen by $2.37 billion.
The foreign currency assets also registered a fall of $1,299 million to $134.28 billion for the reporting week.
The fall in the inflows is mainly due to appreciation of the US dollar and appreciation/depreciation of non-US currencies like euro, pound sterling and yen, analysts said.