India's foreign exchange reserves fell by $587 million during the week ended December 24, which is the fourth consecutive week reporting a decline.

The Reserve Bank of India's forex reserves decreased to $635.080 billion from $635.667 billion. The forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.

india, india forex reserves, rbi, foreign exchange reserves, fii, fpi, fdi, modi govt, arun jaitley, india trade
An Indian forex dealer counts US $100 currency notes in Mumbai on August 25, 2015.INDRANIL MUKHERJEE/AFP/Getty Images

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $847 million to $571.369 billion.

india forex reserves, fii buying, rbi data on foreign exchange reserves, fii debt buying, fii equity buying, indian stock markets, foreign investors in indian stock markets, pm modi, modi govt completes 3 years
U.S. dollar notes are seen in front of a stock graph in this November 7, 2016 picture illustration.Reuters file

However, the value of the country's gold reserves rose by $207 million to $39.390 billion. Similarly, the SDR value rose by $24 million to $19.114 billion, while the country's reserve position with the IMF rose by $28 million to $5.207 billion.

Also Read