India's foreign exchange reserves dropped by USD 360.9 mn to USD 362.785 bn in the week to Feb 10.
Top corporates in the country are not prepared for managing foreign exchange risks with more that 50 per cent of them highly sensitive to rupee depreciation
A researcher of a state think-tank accused China's central bank of playing "dangerous game" of selling the reserves.
Country's foreign exchange reserves rose by USD 687.9 million to USD 359.842 billion.
The country's foreign exchange reserves and import cover of more than a year would be sufficient in managing the temporary effects of Brexit,, a RBI official said.
HSBC Holdings head of Asian currency research Paul Mackel says the dollar-rupee (USD/INR) is going to be fairly stable.
Industry body Nasscom urged the govt to keep an eye on global developments, with regard to currency fluctuation.
Arun Jaitley said most of the challenges faced by the Indian economy have been created by external factors.
Foreign exchange reserves dipped by a marginal $237.5 million to $355.221 billion in the week to June 26 on account of slight decline in a key component.
The RBI said it is working with the government to simplify and liberalise procedures related to foreign exchange regulations.