 "Forex reserves decline by $1.3 bn due to fall in currency assets: RBI data")
India's foreign exchange reserves declined by $1.358 billion to $422.2 billion in the week to June 14 due to fall in foreign currency assets, RBI data showed.
Foreign exchange reserves had increased by $1.686 billion to $423.554 billion in the previous reporting week.
Forex reserves had touched a record high of $426.028 billion in the week to April 13, 2018.
In the reporting week, foreign currency assets, which is a major component of the overall reserves, decreased by $1.353 billion to $394.44 billion.
Expressed in dollar terms, foreign currency assets include the effect of appreciation/depreciation of non-US units like the euro, pound and yen held in the reserves.
Gold reserves remained stable at $ 22.958 billion, according to the RBI data.
Special drawing rights with the International Monetary Fund fell by $0.1 million to $1.449 billion.
The country's reserve position with the fund also declined by $0.2 million to $3.345 billion.
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