According to RBI data, the country’s foreign exchange reserves fell by USD 1.763 billion to USD 630.19 billion in the week ending February 11. The reserves increased by USD 2.198 billion to USD 631.953 billion in the week ending February 4. In the week ending September 3, 2021, it reached a new all-time high of USD 642.453 billion.
The loss in reserves during the reporting week was due to a drop in foreign currency assets (FCA), a major component of overall reserves. In the week ending February 11, FCA fell by USD 2.764 billion to USD 565.565 billion.
The effect of appreciation or depreciation of non-US units such as the euro, expressed in dollar terms, is included in the foreign currency assets. The effect of appreciation or depreciation of non-dollar currencies held in foreign exchange reserves, such as the Euro, the British Pound Sterling, and the Japanese Yen, is included in the foreign currency assets when expressed in US dollar terms.