BEIJING: China’s foreign exchange reserves fell more than expected in April, official data showed on Saturday.

The country’s foreign exchange reserves - the world’s largest - fell $68 billion to $3.12 trillion last month, compared with $3.133 trillion tipped a Reuters poll of analysts and $3.188 trillion in March.

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The yuan fell 4% against the dollar in April, while the dollar rose 5% in April against a basket of other major currencies.

China held 62.64 million fine troy ounces of gold at the end of April, unchanged from 62.64 million ounces at the end-March.

The value of China’s gold reserves fell to $119.73 billion at the end of April from $121.66 billion at the end-March.