Foreign exchange reserves declined $1.447 billion to $137.443 billion for the week ended July 1, 2005 when compared with the previous week, according to the weekly supplement released by the RBI on Saturday.Foreign currency assets were down $1.516 billion to $131.426 billion. While gold reserves increased $77 million to $4.453 billion, SDRs were unchanged at $4 million. The Reserve Tranche Position with the IMF dropped $8 million to $1.560 billion.
