India's forex reserves fall $3.04 billion to $699.74 billion

India's forex reserves fell $3.04 billion to $699.74 billion for the week ending July 4, data by the Reserve Bank of India showed on Friday.

For the week ending on July 4, foreign currency assets, a major component of the reserves, decreased $3.53 billion to $591.29 billion.

Gold reserves were up by $342 million to stand at $84.5 billion during the week, the RBI said.

The special drawing rights (SDR) were up $39 million to $18.86 billion,

As per the data, India's reserve position with the IMF was also down $107 million at $4.73 billion in the reporting week.

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