Mumbai: The greenback’s rise against other currencies has resulted in the country’s forex shrinking in dollar terms. The fall in the value of non-dollar investments, including euro and the pound, has resulted in forex reserves coming down by $2.6 billion to $252 billion. Last week, the dollar appreciated sharply against other currencies as funds sought out safe havens in the wake of uncertainty in the stock markets. Forex reserves have three constituents — foreign currency assets, gold and reserves with IMF. While foreign currency assets dipped $2,570 million, reserves with IMF dipped $11 million, taking the total dip in reserves during the week to $2,581 million. The value of gold in reserves, however, remained unchanged during the week. Analysts said the decline was not on account of dollars going out of the country as RBI has not intervened significantly in the currency markets during the week. In the other developments, the Centre still resorted to ways and means advances (WMA) — a temporary overdraft to meet revenue mismatches. The Centre’s outstanding WMA with the central bank amounted to Rs 9,263 crore as on January 16, down by Rs 6,391 crore over the previous week’s levels. While the outstanding WMA by state governments amounted to Rs 400 crore, down Rs 55 crore over the previous week’s levels. Reliance on the central bank, to meet its day-to-day administrative expenditure, reflects the poor state of the fisc. This is largely because the government has announced a series of expenditure programmes and tax sops to revive the economy’s growth pace. This in turn has strained the government finances.