INSUBCONTINENT EXCLUSIVE:
Sliding from a lifetime high, India's forex reserves declined by $4.148 billion to reach $603.933 billion for the week ended June 18 due
to a fall in gold and currency assets, RBI data showed on Friday.The forex kitty had surged by $3.074 billion to a record high of $608.081
billion in the previous reporting week.The foreign currency assets (FCA), a major component of the overall reserves, declined by $1.918
billion to $561.540 billion for the reporting week, as per data by the Reserve Bank of India (RBI).Expressed in dollar terms, the foreign
currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange
reserves.After a $490 million rise in the previous week, the gold reserves declined by $2.170 billion to $35.931 billion, the data
showed.The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by $14 million to $1.499 billion.The country's
reserve position with the IMF also decreased by $46 million to $4.965 billion in the reporting week, the data showed.
