India’s foreign exchange reserves fall by nearly $10 billion to $671 billion

India’s foreign exchange reserves fell by nearly $10 billion to $671 billion in the week ending June 12, data from the Reserve Bank of India showed on Friday. In rupee terms, the decline in the foreign exchange reserves amounts to Rs 82,100 crore. Foreign currency assets, which are the largest component of the reserves, increased by $846 million to $544.2 billion between June 5 and June 12. The gold reserves fell by $10.7 billion to $103.8 billion during the period.