Forex reserves fall by $5.87 billion to USD 5.58 billion

In the week ending June 17, the country's foreign exchange reserves fell by USD 5.87 billion to USD 590.588 billion, according to RBI data.

The data shows that the forex reserves fell in the week due to a dip in foreign current assets FCAs, which is a major component of the overall reserves, and also in gold reserves.

The Weekly Statistical Supplement released by the Reserve Bank of India RBI on Friday said the FCA decreased by USD 5.362 billion to USD 526.882 billion.

The foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in foreign exchange reserves, as well as the effect of appreciation or depreciation of non-US units in the foreign exchange reserves.

The country's reserve position with the IMF dropped by USD 17 million to USD 4.968 billion in the reporting week, according to the data.