Reversing a 4-week uptrend, India's foreign exchange reserves slipped by $392.6 million to $366.776 billion in the week ended August 26 on account of fall in foreign currency assets, the Reserve Bank of India said.The country's forex reserves had soared by $1.347 billion to $367.169 billion in the previous week.
According to the bulletin, the country’s gold reserves remained unchanged at $21.584 billion while its special drawing rights went down by $0.9 million to $1.496 billion.
India's reserve position in the International Monetary Fund (IMF) fell by $1.5 million to $2.41 billion.
Foreign currency assets, which constitute a major chunk of the forex reserves, dropped by $390.2 to $341.285 billion during the week.
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