India's forex reserves fall below 700 bln USD

NEW DELHI, Oct. 10 (Xinhua) -- India's foreign exchange reserves fell by 276 million U.S. dollars to 699.96 billion dollars during the week ended Oct. 3, according to the weekly data released by the country's central bank, the Reserve Bank of India (RBI), on Friday.

This was the third consecutive week that the country's foreign exchange reserves had fallen.

According to the latest RBI data, the Foreign Currency Assets fell by 4.05 billion dollars to 577.71 billion dollars, while the Gold Reserves increased by 3.75 billion dollars to 98.77 billion dollars.

The Special Drawing Rights increased by 25 million dollars to 18.81 billion dollars, and the Reserve Position in the International Monetary Fund fell by 4 million dollars to 4.67 billion dollars.