Forex Reserves: India’s Forex Reserves Drop $3 Billion from $656 Billion Peak |

Mumbai: India’s forex reserves dropped by $2.9 billion to $652.9 billion for the week ended June 14, RBI said on Friday.In the previous reporting week, the kitty had jumped by $4.3 billion to $655.8 billion, a new all-time high after consecutive weeks of increase in the reserves. For the week ended June 14, foreign currency assets, a major component of the reserves, decreased by $2.1 billion to $574.2 billion, the data released on Friday showed.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. agencies

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