NEW DELHI, June 6 (Xinhua) -- India's foreign exchange reserves declined by 1.24 billion U.S. dollars to 691.49 billion dollars during the week ended May 30, showed the weekly data released by the country's central bank, the Reserve Bank of India (RBI), on Friday.
In the preceding week, the country's forex reserves had increased by nearly 7 billion U.S. dollars.
According to RBI Governor Sanjay Malhotra, the forex reserves were robust and sufficient to cover more than 11 months of goods imports and about 96 percent of the country's outstanding external debt.
The central bank's weekly bulletin also revealed that the foreign currency assets fell by 1.95 billion dollars to 584.22 billion dollars, while the Gold Reserves rose by 723 million dollars to 84.31 billion dollars.
The special drawing rights declined by 2 million dollars to 18.57 billion dollars, and the country's reserve position in the International Monetary Fund decreased by 6 million dollars to 4.40 billion dollars. ■