The country's foreign exchange reserves decreased by $ 3.709 billion to $ 701.176 billion.

Mumbai/New Delhi, 11 October (HIST). The country's foreign exchange reserves declined by $3.709 billion to $701.176 billion in the week ending October 4. Due to this, foreign exchange reserves increased by $ 12.588 billion last week to reach the record all-time high of $ 704.885 billion.

According to the data released by the Reserve Bank of India (RBI) on Friday, the country's foreign exchange reserves have declined by $ 3.709 billion to $ 701.176 billion in the week ending October 4. During this period, foreign currency assets, considered an important component of foreign exchange reserves, declined by $ 3.51 billion to $ 612.64 billion.

According to the data, during this period the reserve value of gold reserves also decreased by 40 million dollars to 65.75 billion dollars. Special Drawing Rights (SDR) have declined by $123 million to $18.42 billion. Apart from this, India's reserves with the International Monetary Fund (IMF) have decreased by $ 35 million to $ 4.35 billion.