The foreign exchange reserves stood at $1,39,654 million, a decline of $520 million, during the week under review, according to the Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
The foreign currency assets also registered a fall of $ 518 million to $1,33,767 million for the reporting week.
The fall in the inflows is mainly due to revaluation of international currencies, including appreciation of the US dollar, analysts said.
Gold reserves and SDRs remained static at $4,443 million and $4 million. The country's reserve tranche position dropped by two million to $1,440 million, it said.
Loans and advances to the state governments decreased by Rs 2,109 crore (Rs 21.09 billion) to Rs 27 crore (Rs 270 million) while that to the central government showed a nil balance.
During the fortnight ending May 13, aggregate deposits fell by Rs 3,616 crore (0.2 per cent ) to Rs 17,77,964 crore (Rs 17779.64 billion).
The demand deposits were down by Rs 4,538 crore (Rs 45.38 billion) to Rs 2,57,241 crore (Rs 2572.41 billion) while time deposits were up by Rs 921 crore (Rs 9.21 billion) to Rs 15,20,723 crore (Rs 15207.23 billion).
Bank credit rose by Rs 9,698 crore (0.9 per cent) to Rs 11,37,132 crore (Rs 11371.32 billion).
Food credit rose by Rs 2,607 crore (Rs 26.07 billion) to Rs 44,371 crore (Rs 443.71 billion) while non-food credit was up Rs 7,091 crore (Rs 70.91 billion) to Rs 10,92,760 crore (Rs 10927.6 billion), it added.