Forex reserves drop by $1.82 bn to $245.85 bn

India's foreign exchange reserves declined by $ 1.829 billion to $ 245.857 billion during the week ended December 5.Reserves had risen to $ 247.686 billion during the previous week after falling for several weeks. Foreign currency assets (FCAs) decreased by $ 1.82 billion to $ 237.148 billion from $ 238.968 billion a week ago.The FCAs expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves.The gold reserves and the special drawing rights remained unchanged at
$ 7.861 billion and 3 million, respectively.