MUMBAI: India's foreign exchange (forex) reserves decreased by $2.99 billion to $277.16 billion for the week ended Aug 2, according to data released by the Reserve Bank of India (RBI). 

The reserves had increased by $960.2 million to $280.16 billion for the week ended July 26. 

The foreign currency assets (FCA), the biggest component of the forex reserves fell by $2.15 billion at $249.89 billion, the weekly statistical supplement of the central bank shows. 

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