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India's foreign exchange reserves took another hit in the final week of November as a sharp depreciation in the rupee prompted the Reserve Bank of India to stabilise the currency market.

The forex kitty fell nearly $1.9 billion to $686.2 billion in the week ending Nov. 28, according to the RBI data released on Friday. In the previous reporting week,reserves depleted by $4.472 billion to $688.104 billion due to a steep decrease in the value of gold reserves.

For the week ended Nov. 28, foreign currency assets, a major component of the reserves, decreased by $3.6 billion to $557 billion, the data showed.

Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciatio

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