India's forex reserves down by $2.713 million to $637.687 billion

The country’s foreign exchange reserves declined by $2.713 billion to $637.687 billion in the week to November 26, RBI data showed. In the previous week ended November 19, the reserves had increased by $289 million to $640.401 billion. It touched a lifetime high of $642.453 billion in the week ended September 3, 2021.

In the reporting week ended November 26, the dip in foreign exchange reserves was on account of a decline in foreign currency assets (FCA), a major component of the overall reserves and gold reserves, Reserve Bank of India’s (RBI) weekly data released on Friday showed.