Foreign exchange (forex) reserves fell by $1.12 billion to $276.26 billion during the week ending September 27 largely due to a sharp fall in foreign currency assets (FCA), according to the Reserve Bank of India data.
The reserves had jumped $2.03 billion to $277.38 billion in the previous reporting week.
In the week ending September 27, FCA declined by $1.29 billion to $247.92 billion, according to the RBI.
The gold reserves remained unchanged at $21.724 billion for the fourth week in a row.
The other components of forex reserves include special drawing rights which rose by $1.1 million to $4.43 billion, and the country's reserve position in the IMF was up $177.7 million to $2.19 billion, the RBI data showed.