The reserves stood at USD 288.26 billion during the previous week. It was for the fourth consecutive week that the reserves have gone down.
The fall in reserves was possibly due to the dollar selling by the apex bank to prop up the rupee as also due to fall in international gold prices during the period.
Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation/depreciation of other currencies held in its reserves, the RBI said.
As of June 1, the foreign currency assets slipped to USD 253,094 million from USD 254,406 million.
During the year-ago period, it stood at a high USD 280,908 million.
The value of gold reserves too fell to USD 25,585 million from USD 26,618 million. In the year-ago period on June 3, it was still lower at USD 24,391 million.
The SDRs also fell marginally to USD 4,347 million from USD 4,381 million in the previous week and from USD 4,623 million on June 3, 2011.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app