India's Forex reserve plunges by $3.21 billion

Segment-wise, FCAs -- the largest component of the Forex reserves -- decreased by $3.20 billion to $395.27 billion during the week under review.

Besides the US dollar, FCAs consist of nearly 20-30% of major global currencies. It also includes investments in US Treasury bonds, bonds of other selected governments and deposits with foreign central and commercial banks.

However, the value of the country's gold reserves increased by $26.6 million to $21.51 billion.

The SDRs' value inched down by $14.6 million to $1.52 billion, while the country's reserve position with the IMF slipped by $19.7 million to $2.05 billion.