Mumbai: The country's foreign exchange reserves declined by a massive USD 6.24 billion to reach USD 583.945 billion in the week ended February 5, RBI data showed on Friday.
In the previous week, the reserves had touched a record high of USD 590.185 billion after rising by USD 4.852 billion.
In the reporting week ended February 5, the decline in the forex kitty was mainly on account of a fall in foreign currency assets (FCAs), a major component of the overall reserves.
FCAs decreased by USD 4.88 billion to USD 542.338 billion, weekly data from the Reserve Bank of India (RBI) showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.