India's forex reserves decreased by $666 million to stand at $176.585 billion during the week ended January 5 as against $177.251 billion during the week ended December 29.
The reserves were up by $1.018 billion during the preceding week ended December 29, compared to a week ago period.
The Foreign Currency Assets were also down by $ 665 million to $169.522 billion during the seven-day p
eriod ended January 5, 2006, according to figures released by the Reserve Bank of India.
Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling, Yen held in reserves.
The reserve position in the IMF went down by one million to stand at $ 545 million. Gold reserves and SDRs remained static at $ 6.517 billion and at $1 million respectively.