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India's foreign exchange reserves declined by USD 5.623 billion in the week that ended October 31 to USD 689.733 billion, driven by a slump in both foreign currency assets and gold reserves, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.

Over the past month, the forex kitty has been in a downtrend, except for one week. Still, the country's foreign exchange (forex) kitty is hovering close to its all-time high of USD 704.89 billion, reached in September 2024. For the reported week (that ended October 31), India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 564.591 billion, down USD 1.957 billion.

The RBI data showed that gold reserves currently s

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