Foreign exchange reserves had their second consecutive weekly fall, coming down by $1.37 billion to $291.80 billion on the back of a decline in the core currency assets.
The reserves had dwindled by $2.19 billion to $293.17 billion in the previous reporting week.
Foreign currency assets, a major component of the forex reserves, dropped by $1.33 billion to $257.86 billion for the week ended May 11, the Reserve Bank said on Friday.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
The gold reserves were unchanged at $26.61 billion, the apex bank said.
For the week under review, the special drawing rights (SDRs) were down by $25.6 million to $4.434 billion, while the country's reserve position with the IMF also fell by $16.7 million to $2.889 billion, the apex bank data showed.
Photograph: Truth Leem/Reuters
