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Foreign exchange reserves dipped by $369.2 million to $293.383 billion for the week ended February 10, according to the Reserve Bank of India's weekly Statistical Supplement.
The decrease in reserves was mainly on account of currency revaluation.
This is the second week in a row that foreign exchange reserves have declined. In the earlier week ended February 3, forex reserves had dipped by $177 million to $293.753 billion.
In the week under consideration, the foreign currency assets fell by $370.6 million to $259.446 billion.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, sterling, yen held in reserves.
Gold was unchanged at $26.727 billion. SDRs increased by $ 0.6 million to $4.474 billion.
The country's position in the International Monetary Fund increased by $0.8 million to 2.734 billion.
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