India's foreign exchange reserves dropped by another $2.7 billion to $687.03 billion during the week ended November 7, the RBI said on Friday.
The forex kitty has been on a declining trend for the past few weeks, and had decreased by $5.62 billion to $689.73 billion in the previous reporting week.
For the week ended November 7, foreign currency assets, a major component of the reserves, decreased by $2.45 billion to $562.14 billion, the data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Value of the gold reserves declined by $195 million to $101.53 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were down by $51 million to $18.59 billion, the apex bank said.
India's reserve position with the IMF was unchanged at $4.77 billion in the reporting week, the apex bank data showed.
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