Forex reserves fall for 3rd week, decline $2.4 billion

India's foreign exchange reserves decreased by $2.4 billion to $637.9 billion as of April 26, marking the third consecutive weekly decline in reserves, as reported by the RBI on Friday. During the previous reporting week, the total reserves had decreased by $2.3 billion to $640.3 billion. Reserves reached a record high of $648.6 billion by the week ending April 5 after increasing for several weeks.