The foreign exchange reserves continued to dip for the second straight week, falling by $781.5 million to $293.56 billion due to a decline in the core currency assets.
Foreign currency assets, a major component of the forex reserves, were down by $751.8 million to $258.71 billion for the week ended November 9, the Reserve Bank's said in its weekly statistical supplement today.
The total reserves had dipped by $950.3 million to $294.47 billion in the previous reporting week.
Foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
However, the gold reserves remained unchanged at $28.19 billion during the week, the apex bank said.
For the week under review, the special drawing rights (SDRs) were down by $19.6 million to $4.408 billion,
while the country's reserve position with the IMF was also down by $10.1 million to $2.253 billion.
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