Forex reserves down by $6.24 billion to $583.945 billion

MUMBAI: The country's foreign exchange reserves declined by a massive $6.24 billion to reach $583.945 billion in the week ended February 5, Reserve Bank of India (RBI) data showed on Friday.

In the previous week, the reserves had touched a record high of $590.185 billion after rising by $4.852 billion.

In the reporting week ended February 5, the decline in the forex kitty was mainly on account of a fall in foreign currency assets (FCAs), a major component of the overall reserves.

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