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India's Forex Reserves Down $3 Billion To $561 Billion

The country's foreign exchange reserves declined by $3.007 billion to $561.046 billion in the week ended August 26.

<div class="paragraphs"><p>The fall in the reserves during the reporting week ended August 26 was on account of a dip in the foreign currency assets. (Photo by <a href="https://unsplash.com/@s1winner?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Viacheslav Bublyk</a> on <a href="https://unsplash.com/s/photos/dollar?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>)</p></div>
The fall in the reserves during the reporting week ended August 26 was on account of a dip in the foreign currency assets. (Photo by Viacheslav Bublyk on Unsplash)

The country's foreign exchange reserves declined by $3.007 billion to $561.046 billion in the week ended Aug. 26, RBI data showed.

In the previous week ended August 19, the reserves had dipped by $6.687 billion to $564.053 billion.

The fall in the reserves during the reporting week ended Aug. 26 was on account of a dip in the foreign currency assets, a major component of the overall reserves, and the gold reserves, according to the Weekly Statistical Supplement released by the RBI on Friday.

FCA decreased by $2.571 billion to $498.645 billion in the reporting week.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-U.S. units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves decreased by $271 million to $39.643 billion, the data showed.

The Special Drawing Rights dropped by $155 million to $17.832 billion.

The country's reserve position with the IMF also dipped by $10 million to $4.926 billion in the reporting week, the data showed.