India's forex reserves dropped by $346 million to stand at $228.996 billion for the week ended August 10.
The week before that the country's forex reserves had shot up by $3.9 billion to $229.342 billion.
As per figures released by the Reserve Bank of India, foreign currency assets decreased by $335 million to stand at $221.653 billion during week ended August 10.
FCAs in dollars include the effect of revaluation of non-US currencies such as euro, sterling and yen held in reserves.
Gold reserves as well as reserves in the IMF remain unchanged at $6.887 billion and $455 million respectively.
Special Drawing Rights also dipped by $11 million to $1 million.