In the week ending September 23, RBI data showed that the country's forex kitty continued its southward journey, with the overall reserves declining by USD 8.134 billion to USD 537.518 billion. The reserves had declined by USD 5.2 billion to USD 545.54 billion in the previous reporting week as the central bank deploys the kitty to defend the rupee amid global volatility. The fall in reserves for the week ended September 23 was caused by a dip in foreign currency assets FCA, which is a major component of the overall reserves, according to the weekly Statistical Supplement by the RBI. The FCA decreased by USD 7.688 billion to USD 477.212 billion during the reporting week. Foreign currency assets include the effect of appreciation or depreciation of non-US units, such as the euro, pound and yen held in foreign exchange reserves, as well as the effect of appreciation or depreciation of non-US units in the foreign exchange reserves. The data shows that the gold reserves' value decreased by USD 300 million to USD 37.886 billion. The country's reserve position with the IMF was down by USD 54 million to USD 4.826 billion in the reporting week, according to the data.