 "Reserve Bank of India, RBI")
The Reserve Bank of India’s (RBI’s) foreign exchange reserves declined by $5.7 billion to an 11-week low of $561.27 billion in the week ended February 17, latest central bank data showed.
The fall in the reserves for the third straight week was mainly on account of a drop in the RBI’s foreign currency assets, which declined $4.5 billion to $496.07 billion in the previous week.
The RBI’s gold reserves also declined last week, dropping $1 billion to $41.82 billion, the data showed.
In the week gone by, the rupee depreciated 0.4 per cent against the US dollar, settling at 82.83
