The country's foreign exchange reserves declined for the second week in a row, reaching a low of more than four months at $ 576.87 billion in the week ended April 2. According to the data released by the Reserve Bank, the foreign exchange reserves declined by $ 2.42 billion in the week ended April 2. Earlier, in the week ended March 26, it had decreased by $ 2.99 billion to $ 579.29 billion.
The central bank said that during the week ended April 2, foreign currency assets, the largest component of foreign exchange reserves, fell by $ 1.52 billion to $ 536.44 billion. Gold reserves also declined by $ 884 million to $ 34.02 billion. During this period, the reserves with the International Monetary Fund were reduced by $ 15 million to $ 4.92 billion and special drawing rights by $ 4 million to $ 1.49 billion.
