Zeebiz.com
Mumbai, June 29: The country's forex reserves slid by USD 768.4 million to USD 288.63 billion on a fall in the core foreign currency assets, the Reserve Bank said on Friday.
Over USD 2 billion were added to the total reserves in the previous reporting week.
Foreign currency assets, a major component of the forex reserves, were down by USD 743.8 million to USD 255.78 billion for the week ended June 22, Reserve Bank said today.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of the non-US currencies, such as the euro, pound and yen, held in the reserves, the apex bank said.