New Delhi. The country’s foreign exchange reserves declined by $ 2.11 billion to $ 723.60 billion in the week ending February 20. Earlier, in the week ending February 6, foreign exchange reserves had increased by $ 8.66 billion to reach an all-time high of $ 725.72 billion.

The Reserve Bank of India (RBI) said in the data released on Friday that in the week ending February 20, foreign currency assets, considered an important part of foreign exchange reserves, decreased by $ 1.03 billion to $ 572.56 billion. During this period, the value of gold reserves decreased by $977 million to $127.48 billion.

According to the data, Special Drawing Rights (SDR) declined by $84 million to $18.84 billion during this period. India’s reserves with the International Monetary Fund (IMF) declined by $18 million to $4.71 billion in the week ending February 20.