The country’s foreign exchange reserves rose by $1.876 billion to $413.781 billion in the week to April 5, aided by a rise in foreign currency assets, Reserve Bank data showed on Friday.
In the previous week, the reserves had surged by $5.237 billion to $411.905 billion, helped by the maiden dollar-rupee swap conducted by the RBI.
In the reporting week, foreign currency assets -- a major component of the overall reserves -- rose by $2.062 billion to $86.116 billion.
Expressed in dollar terms, foreign currency assets include the effect of appreciation/ depreciation of non-US currencies like the euro, pound and the yen held in the reserves.
The forex kitty had touched a life-time high of $426.028 billion in the week to April 13, 2018. Since then, it has been on a slide and is now down by over $13 billion.
Gold reserves, which remained unchanged in the previous week, declined by $182.6 million to $23.225 billion, the data showed.
The special drawing rights with the International Monetary Fund dipped by $1.2 million to $1.455 billion.
The country’s reserve position with the Fund too slipped by $2.5 million to $2.983 billion, the apex bank said.