Forex reserves fall $3.47 bn to $667.386 bn

Mumbai: India’s forex reserves dropped by $3.471 billion to $667.386 billion for the week ended July 26, according to the Reserve Bank of India (RBI) data released on Friday.

In the previous reporting week, the kitty had jumped by $4.003 billion to an all-time high of $670.857 billion.

For the week ended July 26, foreign currency assets, a major component of the reserves, decreased by $1.171 billion to $586.877 billion, the data showed.