India's foreign exchange reserves dropped for a sixth consecutive week to a near 3-month low of $675.65 billion as of Nov. 8, data from the Reserve Bank of India (RBI) showed on Friday.

The fall is attributed to a dip in foreign currency assets, which form the largest component of the reserves. These assets saw a reduction in valuation as the dollar strengthened against major global currencies.

The forex reserves had dropped by $2.675 billion to $682.13 billion in the previous reporting week. The reserves are down $29.2 billion from the record-high of $704.89 billion hit

India's forex reserves fell by $6.477 billion to $675.653 billion for the week ending November 8, 2024, marking a continued decline from its September peak of $704.885 billion. The drop includes decreases in foreign currency assets,

India's foreign exchange reserves have dipped to $675.65 billion, a decrease of $6.4 billion, as announced by the Reserve Bank of India. Despite this recent decline, India maintains its position as the fourth largest holder of foreign exchange reserves globally,

India's foreign exchange reserves experienced a decrease of $6.4 billion, settling at $675.65 billion by November 8th. The decline was primarily attributed to a drop in Foreign Currency Assets, while gold reserves saw an increase.