India's forex reserves dropped by $1.88 billion to $686 billion during the week ended November 28, the RBI said on Friday.
In the previous reporting week, the overall reserves had declined by $4.47 billion to $688 billion.
For the week ended November 28, foreign currency assets, a major component of the reserves, decreased by $3.57 billion to $557 billion, the data showed.
Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
Value of the gold reserves increased by $1.61 billion to $105.79 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $63 million to $18.63 billion, the apex bank said.
India's reserve position with the IMF was also up by $16 million to $4.772 billion in the reporting week, according to the apex bank's data.
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