KOLKATA: India’s foreign exchange reserves dipped by $2.269 billion in the week to May 23, first time in five weeks.

Reserve Bank of India’s latest weekly statistical supplement showed that reserves stood at $312.656 billion, while the all-time high is $321 billion.

Foreign currency assets fell $2.255 billion to $285.561 billion, RBI said. Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciationof non-US currencies such as euro, pound and yen held in the reserves.