India's foreign exchange reserve declines by $2.67 billion to $593 billiion

India’s forex reserves declined by $2.67 billion to $593.28 billion for the week ended May 13. 

In the previous reporting week, forex reserves stood at $595.95 billion.

Of the $593.28 billion foreign exchange reserves held by India, $529.55 billion is in foreign currency assets, $40.57 billion is in gold, $18.20 billion in special drawing rights, which is an international reserve assets created by the International Monetary Fund (IMF), and $4.95 billion in reserve position in the IMF.