NEW DELHI, May 23 (Xinhua) -- India's foreign exchange (forex) reserves decreased by 4.888 billion U.S. dollars to 685.729 billion U.S. dollars during the week ended May 16, showed the latest data released by the country's central bank the Reserve Bank of India (RBI) on Friday.
The fall in India's forex reserves was attributed to a sharp decline in Gold Reserves of 5.121 billion U.S. dollars to 81.217 billion U.S. dollars during the said week.
According to RBI's data, the foreign currency assets (FCAs) increased by 279 million U.S. dollars to 581.652 billion U.S. dollars. The country's special drawing rights (SDRs) fell by 43 million U.S. dollars to 18.490 billion U.S. dollars.
Meanwhile, India's reserves position in the International Monetary Fund (IMF) declined by 3 million U.S. dollars to 4.371 billion U.S. dollars. ■