 "India's foreign exchange reserves fall for the third consecutive week")
India’s foreign exchange reserve declined by $2.4 billion to $601 billion in the week ended July 4, latest data by the Reserve Bank of India showed.
The fall in the reserves for the third straight week was mainly on account of a drop in the foreign currency assets, which declined $1.9 billion to $533 billion in the previous week.
The gold reserves, SDRs, and the reserve position in the International Monetary Fund (IMF) experienced a fall of $224 million, $171 million, and $86 million respectively.