India's forex reserves fall to $351.615 bn

The gold reserves remained unchanged at $18.691 billion in the week.

India’s foreign exchange reserves reduced by $750.2 million to $351.615 billion in the week to November 27, due to decline in foreign currency assets, according to RBI data.

In the previous week, the reserves had fallen by $149.7 million to $352.365 billion.

Foreign currency assets (FCAs), a major component of overall reserves, fell by $ 726.2 million to $327.669 billion in the reporting period, RBI said in a release.

FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and the yen, held in the reserves.

The gold reserves remained unchanged at $18.691 billion in the week.

India's special drawing rights with the International Monetary Fund declined by $18.2 million to $3.968 billion in the week, while country's reserve position with the Fund fell by $5.8 million to $1.286 billion, the apex bank said.