India’s forex reserves fell by $1.18 billion to $695.49 billion for the week ended July 18, RBI data showed.

• Foreign currency assets dropped $1.201 billion to $587.609 billion, the largest component of total reserves.
• Gold reserves rose by $150 million to $84.499 billion, partly offsetting the overall dip.
• SDRs and IMF reserve position declined by $119 million and $13 million, respectively, during the week.