INSUBCONTINENT EXCLUSIVE:
The country's forex reserves decreased by $727 million to $429.649 billion for the week ended July 26, led by a decline in foreign
currency assets, RBI data showed on Friday.The forex kitty had increased by $1.579 billion to a new lifetime high of $430.376 billion in the
previous week ended July 19.In the reporting week, foreign currency assets, which are a major component of the overall reserves, fell by
$1.734 billion to $399.357 billion, the central bank said.Expressed in dollar terms, foreign currency assets include the effect of
appreciation/depreciation of non-US units like the euro, pound and yen held in the reserves
Gold reserves surged by $1.025 billion to $25.330 billion, according to the central bank data.Special drawing rights with the International
Monetary Fund dipped $2.8 million to $1.444 billion
The country's reserve position with the fund also declined by $15.8 million to $3.534 billion, the apex bank said.Get Breaking news, live
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