Forex reserves fall by $2.32 bn to $351.56 bn

Foreign exchange reserves had fallen by $2.6 bn last time

The country's foreign exchange reserves fell by $2.32 billion in the week ending May 15 to $351.56 billion after rising for the last five consecutive weeks.

The foreign exchange reserves had fallen by $2.6 billion last time for the week ending April 10 at $340.41 billion.

Foreign currency assets, a key component, fell by $2.28 billion to $326.84 billion. During the week gold reserves remained unchanged at $19.34 billion. 

For the week under review, the Special Drawing Rights (SDRs) fell by $26.1 billion to $4.06 billion, while India's reserve position with the International Monetary Fund (IMF) was down $8.5 million to $1.32 billion.