Overview
- RBI data show total reserves declined by $6.711 billion to about $717.6 billion in the week ended February 6.
- The value of gold holdings fell sharply by $14.208 billion to $123.476 billion in the same week.
- Special Drawing Rights decreased by $132 million to $18.821 billion, and the IMF reserve tranche slipped by $32 million to roughly $4.71 billion.
- Media accounts of RBI data diverged on foreign currency assets, with one report citing a $7.66 billion decline to $570.05 billion and another an increase of $7.661 billion to $570.053 billion.
- In the prior week, reserves had climbed by $14.361 billion to a record $723.774 billion, underscoring short-term swings.