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of <h1>India's foreign exchange reserves drop by USD 3.049 billion to USD 699.736 billion despite gold reserves increasing</h1> India's foreign exchange reserves declined by USD 3.049 billion to USD 699.736 billion in the week ending July 4, according to the central bank. This follows a previous week's increase of USD 4.849 billion. Foreign currency assets, the largest component, fell by USD 3.537 billion to USD 591.287 billion. Gold reserves increased by USD 342 million to USD 84.846 billion. Special Drawing Rights rose by USD 39 million to USD 18.868 billion, while the reserve position with the international monetary fund increased by USD 107 million to USD 4.735 billion.
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