India’s forex reserves declined $3.05 billion to $699.74 billion in the week ended July 4, mainly due to currency losses.

• Foreign currency assets fell $3.54 billion to $591.29 billion, driving the overall reserves decline.
• Gold reserves rose $342 million to $84.85 billion; SDRs increased $39 million to $18.87 billion.
• IMF reserve position improved $107 million to $4.74 billion, partially offsetting the foreign currency reserve drop.