India’s foreign exchange (forex) reserves fell $573.5 million to $319.99 billion in the week ended August 1.
Foreign currency assets, which form a bulk of the reserves, fell $1.09 billion to $292.69 billion in the reporting week.
Gold reserves, on the other hand, increased $538.9 million to $21.17 billion.
Special Drawing Rights (SDRs) and the country’s reserve position in the IMF fell by $15.5 million and $5.9 million, respectively.