Mumbai, May 18 - Foreign exchange reserves had their second consecutive weekly fall, coming down by USD 1.37 billion to USD 291.80 billion on the back of a decline in the core currency assets.
The reserves had dwindled by USD 2.19 billion to USD 293.17 billion in the previous reporting week.
Foreign currency assets, a major component of the forex reserves, dropped by USD 1.33 billion to USD 257.86 billion for the week ended May 11, the Reserve Bank said today.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.
The gold reserves were unchanged at USD 26.61 billion, the apex bank said.
For the week under review, the special drawing rights (SDRs) were down by USD 25.6 million to USD 4.434 billion, while the country's reserve position with the IMF also fell by USD 16.7 million to USD 2.889 billion, the apex bank data showed. PTI