India's forex reserves decline $1.783 billion to $635.905 billion

India’s foreign exchange reserves declined for the second consecutive week, ending $1.783 billion down at $635.905 billion for the week ended December 3, RBI data showed on Friday.

In the previous week, the reserves had slid by $2.713 million to $637.687 billion. In the reporting week ended December 3, the dip in the forex kitty was mainly on account of a decline in foreign currency assets (FCA), a major component of the overall reserves.