By laksh5382 
India’s foreign exchange reserves declined by US$3.709 billion to US$701.176 billion in the week ended October 4, the RBI said on Friday.
In the previous reporting week, reserves had risen by US$12.588 billion to an all-time high of US$704.885 billion.
For the week ended October 4, foreign currency assets, a key component of reserves, declined by US$3.511 billion to US$612.643 billion, according to data released on Friday.
Expressed in dollar terms, foreign exchange assets include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves.
The RBI said gold reserves declined by US$ 40 million during the week to US$ 65.756 billion.
The apex bank said special drawing rights (SDRs) declined by US$123 million to US$18.425 billion.
India’s reserve position with the IMF declined by US$35 million to US$4.352 billion in the week under review, data from the apex bank showed.