India-Forex Reserves-Declines
India's Forex reserves fell by $691 million for the week ended June 27 to $311.79 billion as against $312.481 billion in the last week.

Reserves had jumped by $1.794 billion to $312.481 billion in the previous week.

Similarly, Foreign Currency Assets (FCAS) posted a decline of $694 million during the week and stood at $302.05 billion as compared to $302.744 billion in the previous week, reserve bank said in its weekly report in Mumbai on Friday.

FCAS, expressed in US dollar terms, include the effect of appreciation or depreciation of non-us currencies such as euro, sterling and yen held in reserves, Reserve Bank of India (RBI) said.

Gold reserves and special drawing rights, during the week, were static at $9.202 billion and $11 million respectively, the apex bank said.

India's reserve position in the international monetary fund rose in the second consecutive week to $527 million, up $3 million from $524 million in the past week, RBI said.