Forex reserves down $1.839 billion to $584.242 billion

After touching a record high in the preceding week, the country's foreign exchange reserves declined by USD 1.839 billion to USD 584.242 billion in the week ended January 15, RBI data showed on Friday. In the previous week ended January 8, the reserves had climbed by USD 758 million to touch a lifetime high of USD 586.082 billion. In the reporting week, foreign currency assets (FCA) -- a major component of the overall reserves -- decreased by USD 284 million to USD 541.507 billion, weekly data by the Reserve Bank of India (RBI) showed.