India's foreign exchange reserves plunge by over $6 bn

India's foreign exchange reserves declined by $6.240 billion during the week ended Februar y 5. According to the RBI, the reserves increased to $583.945 billion from $590.185 billion reported for the week ended Januar y 29. India's forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the countr y's reserve position with the International Monetary Fund (IMF).