The country's foreign exchange reserves dropped $2.09 billion to $283.6 billion in the week ended December 18, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Friday. While foreign currency assets fell $2 billion to $258.9 billion, gold reserves remained unchanged at $18.2 billion, the central bank noted.
Special drawing rights with the International Monetary Fund (IMF) fell $66 mln to $5.2 bln, while reserves with the IMF fell $18 mln to $1.4 billion. Total reserves jumped $29.6 bln in the past year, the RBI said. The country's forex assets comprise overseas currencies, gold and special drawing rights with the IMF.
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