Foreign exchange reserves decline $902 million to $474 billion: RBI data

The gold reserve also declined by $340 million to $30.55 billion in the reporting week, the RBI data showed

India's foreign exchange reserves declined by $902 million to $474.66 billion in the week to April 3 due to a fall in foreign currency assets, said RBI data on Friday.

In the previous week, the reserves had surged by $5.65 billion to $475.56 billion, according to the latest data, news agency PTI reported.

The reserves had touched a life-time high of $487.23 billion in the week to March 6, after it rose by $5.69 billion.

During 2020-21, foreign exchange reserves have risen by almost $62 billion.