India?s forex reserves fall $4.82 billion to $698.49 billion

India?s foreign exchange reserves fell by $4.82 billion to $698.49 billion in the week ended April 24, data released by the Reserve Bank of India (RBI) showed on Friday.

Foreign currency assets (FCAs) declined by $2.84 billion to $554.62 billion during the week. Gold reserves dropped by $1.90 billion to $120.24 billion, while Special Drawing Rights (SDRs) slipped by $67 million to $18.77 billion.

India?s reserve position with the International Monetary Fund (IMF) also fell by $15 million to $4.85 billion.

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