Forex reserves fell by $1.12 billion to $276.26 billion in the week to September 27 as foreign currency assets fell sharply by nearly $1.3 billion.
The reserves had
jumped $2.03 billion to $277.38 billion in the previous week.
According to data shared by the Reserve Bank of India (RBI), foreign currency assets declined by $1.29 billion to $247.924 billion for the week under review.
Foreign currency assets expressed in 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 remained unchanged at $21.724 billion for the fourth week in a row.
RBI data also showed that special drawing rights rose by $1.1 million to $4.43 billion while the country's reserve position in the IMF rose by $177.7 million to $2.19 billion.
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