India's forex reserves down $97.9 million to $322 billion

Foreign currency assets fell by $19.7 million to $297.510 billion in the reporting week

India's foreign exchange reserves declined marginally by $97.9 million to $322.037 billion in the week to January 23, RBI said today.

In the previous reporting week, the reserves had jumped by a whopping $2.66 billion to $322.135 billion, a new record high.

Foreign currency assets (FCAs), a major constituent of overall reserves, fell by $19.7 million to $297.510 billion in the reporting week, Reserve Bank data showed.

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

The country's gold reserves remained unchanged at $19.377 billion.

Special drawing rights decreased by $61.4 million to $4.047 billion, while India's reserve position with the IMF dipped by $16.8 million to $1.101 billion during the week, the data showed.