Forex Reserves Decline By $2 Billion To $418 Billion

INSUBCONTINENT EXCLUSIVE:
week to May 17 on account of a fall in foreign currency assets, RBI data showed Friday
In the previous week, the reserves had risen by $1.368 billion to reach $420.055 billion
In the reporting week, foreign currency assets, which are a major component of the overall reserves, decreased by $2.030 billion to $390.197
rights with the International Monetary Fund fell by $9.8 million to $1.444 billion.The country's reserve position with the Fund also