Forex reserves decline USD 4 bn to USD 603.93 bn on slide in gold assets

| | Mumbai
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Forex reserves decline USD 4 bn to USD 603.93 bn on slide in gold assets

Saturday, 26 June 2021 | PTI | Mumbai

Sliding from a lifetime high, India’s forex reserves declined by USD 4.148 billion to reach USD 603.933 billion for the week ended June 18 due to a fall in gold and currency assets, RBI data showed on Friday.

 The forex kitty had surged by USD 3.074 billion to a record high of USD 608.081 billion in the previous reporting week.

The foreign currency assets (FCA), a major component of the overall reserves, declined by USD 1.918 billion to USD 561.540 billion for the reporting week, as per data by the Reserve Bank of India (RBI).  

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