NEW DELHI, Nov. 6 (Xinhua) -- India's foreign exchange (forex) reserves fell by 2.691 billion U.S. dollars to 717.056 billion dollars during the week ending October 30, according to the weekly bulletin released by the country's central bank, the Reserve Bank of India (RBI), on Friday.
This was the eighth consecutive week in which India's forex reserves had decreased. In the preceding week, they had fallen by 1.269 billion dollars. Over the past two months, the country's forex reserves had dropped by nearly 68.65 billion dollars.
The RBI data revealed that the Foreign Currency Assets (FCAs) fell by 2.088 billion dollars to 591.118 billion dollars, and the gold reserves dropped by 559 million dollars to 102.591 billion dollars.
The Special Drawing Rights also declined by 47 million dollars to 18.558 billion dollars, and the country's position in the International Monetary Fund improved by 3 million dollars to 4.79 billion dollars. ■