<p>Foreign currency assets, the biggest component of the forex reserves kitty, dropped sharply for the second consecutive week. <br /><br />The foreign currency assets plunged by $4.17 billion to $280.70 billion during the week under review, according to the weekly statistical supplement of the Reserve Bank of India (RBI), the country's central bank. <br /><br />The foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve. The assets had declined by $1.32 billion in the previous week. <br /><br />The value of special drawing rights (SDRs) dropped by $69 million to $4.54 billion and reserves with the International Monetary Fund (IMF) fell by $45 million to $2.93 billion.<br /><br />However, gold reserves remained unchanged at $28.32 billion. Gold reserves had jumped by $2.97 billion in the last week due to revaluation in prices. </p>
<p>Foreign currency assets, the biggest component of the forex reserves kitty, dropped sharply for the second consecutive week. <br /><br />The foreign currency assets plunged by $4.17 billion to $280.70 billion during the week under review, according to the weekly statistical supplement of the Reserve Bank of India (RBI), the country's central bank. <br /><br />The foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve. The assets had declined by $1.32 billion in the previous week. <br /><br />The value of special drawing rights (SDRs) dropped by $69 million to $4.54 billion and reserves with the International Monetary Fund (IMF) fell by $45 million to $2.93 billion.<br /><br />However, gold reserves remained unchanged at $28.32 billion. Gold reserves had jumped by $2.97 billion in the last week due to revaluation in prices. </p>