Forex reserves decline $1.431 bn to $363.874 bn

And FCAs dipped by $957.9 million to $340.131 billion

India's foreign exchange reserves declined by $1.431 billion to $363.874 billion in the week to December 2, due to fall in foreign currency assets, the Reserve Bank of India said on Friday.

In the previous week, the reserves had dipped by $193.8 million to $365.305 billion.

They had touched a lifetime high of $371.99 billion in the week to September 30, 2016.

Foreign currency assets (FCAs), a major component of the overall reserves, dipped by $957.9 million to $340.131 billion.

FCAs, expressed in US dollar terms, include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves.

Gold reserves, which had remained steady for many weeks, declined by $477.9 million to $19.982 billion, the apex bank said.

The special drawing rights with the International Monetary Fund increased by $1.7 million to $1.443 billion, while India's reserve position with the Fund rose by $2.8 million to $2.316 billion, the apex bank said.