India's Forex Reserves Down By $4.56 Billion To Slip Below $600 Billion
In the previous week, the reserves had decreased by $306 million to $601.057 billion.
The country's foreign exchange reserves declined by $4.56 billion to $596.46 billion in the week ended June 10, RBI data showed on Friday.
In the previous week, the reserves had decreased by $306 million to $601.06 billion.
During the week ended June 10, the fall in the forex reserves was on account of a dip in foreign current assets, a major component of the overall reserves.
FCAs declined by $4.54 billion to $532.24 billion in the reporting week, according to the Weekly Statistical Supplement, released by the Reserve Bank of India (RBI) on Friday.
Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-U.S. units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves marginally fell by $1 million to $40.84 billion.
The special drawing rights with the International Monetary Fund dropped by $23 million to $18.39 billion, RBI said.
The country's reserve position with the IMF also fell by $40 million to $4.99 billion in the reporting week, the data showed.