The forex reserves stood at $1,36,899 million, a drop of $544 million, during the week under review, according to Reserve Bank of India's weekly statistical supplement released in Mumbai said.
The foreign currency assets declined by $529 million to $1,30,897 million for the reporting week.
The fall in the inflows is mainly due to revaluation of global currencies including the US dollar, analysts said.
Gold reserves and Special Drawing Rights remained static at $4,453 million and $4 million, respectively. The country's reserve tranche position dropped by $15 million to $1,545 million, it said.
While loans to the state government decreased by Rs 2,842 crore (Rs 28.42 billion) to Rs 392 crore (Rs 3.92 billion), loans to the central government showed nil balance, it added.