Foreign currency assets, a major component of the overall reserves, fell by $490 million to $441.458 billion in the reporting week.
During the week, gold reserves decreased by $200 million to $26.709 billion.
India's reserve position with IMF rose by $ 7 million to $ 3.636 billion.
The apex bank held 586.44 tonne of gold as on September 30, of which 294.14 tonne are held overseas in safe custody with the Bank of England and the Bank for International Settlements, while the remaining gold is held domestically
The country's foreign exchange reserves rose by $21.1 million to $280.19 billion, the Reserve Bank said.
The total reserves had gone up by $982 million in the previous reporting week.
Foreign currency assets, which are a major component of the overall reserves, rose by $646.4 million to $386.762 billion.
Amid uncertainties arising out of the second wave of COVID-19, the Reserve Bank on Thursday said that a durable revival of private consumption and investment would be critical for sustaining economic growth post-pandemic. Observing that 2020-21 has left a scar on the economy, RBI in its annual report said, "in the midst of the second wave as 2021-22 commences, pervasive despair is being lifted by cautious optimism built up by vaccination drives." The second wave of the pandemic has prompted revision of growth projections for the current fiscal and the consensus appears to be gravitating towards RBI's forecast of 10.5 per cent, the report added.
RBI's previous monetary policy was announced on September 29.
The value of the gold reserves increased $78.2 million to $22.764 billion
The reserves had touched a life-time high of $426.028 billion in the week to April 13, 2018.
Gold reserves remained unchanged at $19.943 billion.
In policy review meet in June, RBI Governor Raghuram Rajan kept interest rates intact.
Gold reserves remained unchanged at $20.691 billion.
The RBI projection of 6.9 per cent GVA growth for the current fiscal comes on the back of the Economic Survey last week forecasting economic growth of 6.5 per cent.
The Reserve Bank of India (RBI) has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework issued in August.
Linking all new floating rate loans to an external benchmark won't impact existing borrowers, so customers who have taken long-term home loans recently should watch things carefully, say Joydeep Ghosh and Sanjay Kumar Singh.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
Foreign currency assets, a major component of the overall reserves, declined by $3.208 billion to $395.276 billion.
The hike in service charges by commercial banks has come under the Reserve Bank of India lens.
The RBI is of the view that it cannot carry out satisfactory due diligence for granting registration because the funding is from a jurisdiction that has been identified by FATF as having weak measures to combat money laundering and terrorist financing.
In the previous week, the reserves had fallen by $121.3 million to $360.905 billion.
Among bank groups, PSBs, which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.
Cautious optimism over US-China trade talks after US President Trump said his trade negotiators had received two "very good calls" from Beijing also influenced the local currency, dealers said.
Continuing their rising trend, the country's foreign exchange reserves increased by $1.350 billion to touch a record high of $361.601 billion in the week to April 22.
The apex bank is taking away the 'psychological hook' that schemes with zero interest have on consumers.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
Reserve Bank of India will carry out a mid-term review of monetary and credit policy for 2003-04 on November 3.
The NCLAT said the RBI cannot restrict it from prohibiting banks from 'asset classfication' and observed that any change in this order would upset the entire resolution process of the IL&FS
The gold reserves remained unchanged at $18.151 billion.
The RBI clarification followed media reports quoting a reply to a Right to Information application that suggested the apex bank has not issued any order for mandatory Aadhaar linkage with bank accounts.
The reserves had dropped by $1.434 billion to $348.934 billion.
India's forex kitty shrunk by $1.03 billion to $353.33 billion on the back of a dip in the core currency assets, the Reserve Bank said.
Ahead of RBI's monetary policy review, SBI on Monday expressed hope the apex bank will cut interest rates by 0.5 per cent and CRR by up to one per cent to boost sagging growth.
Foreign exchange reserves dipped marginally by $237.5 million to $355.221 billion in the week to June 26.
The gold reserves remained unchanged at $18.691 billion.
The gold reserves remained unchanged at $18.691 billion in the week.
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
Observing that MSME sector plays an important role in the growth of the Indian economy, RBI said the restructuring of the borrower account has been extended by further one year to March 31, 2021.
The move by the central bank follows concerns over tight liquidity conditions and banks' unwillingness to lend to NBFCs.
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