In the previous reporting week, the reserves had surged by $14.361 billion to hit an all-time high of $723.774 billion.
During the week ended February 6, foreign currency assets –the largest component of the reserves –increased by $7.661 billion to $570.053 billion, the RBI data showed.
Expressed in dollar terms, foreign currency assets include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
The value of gold reserves, however, dropped sharply by $14.208 billion to $123.476 billion during the week, the RBI said.
Special Drawing Rights (SDRs) declined by $132 million to $18.821 billion, the central bank added.
India’s reserve position with the International Monetary Fund (IMF) also slipped by $32 million to $4.715 billion in the reporting week, as per RBI data.
