Mumbai, Dec 15 - India's foreign exchange (Forex) reserves decreased by $1.04 billion as on December 8, 2017, official data showed on December 15.
The Reserve Bank of India's (RBI) weekly statistical supplement showed that the overall Forex reserves dipped to $400.89 billion from $401.94 billion reported for the week ended December 1.
India's Forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI's position with the International Monetary Fund (IMF).
Segment-wise, FCAs -- the largest component of the Forex reserves -- declined by $1.02 billion to $376.42 billion during the week under review.
Besides the US dollar, FCAs consist of nearly 20-30% of major global currencies. It also include investments in US Treasury bonds, bonds of other selected governments and deposits with foreign central and commercial banks.
The country's gold reserves value remained stagnant at $20.70 billion, whereas SDRs inched down by $5.3 million to $1.49 billion.
Similarly, the country's reserve position with the IMF slipped by $11 million to $2.26 billion.