Overview
- Reserves fell by $1.877 billion in the week ended Nov. 28 to $686.227 billion, RBI data showed.
- Foreign currency assets dropped $3.569 billion to $557.031 billion, driving the weekly decline.
- Gold holdings rose by $1.613 billion to $105.795 billion, with SDRs up $63 million and the IMF reserve position up $16 million.
- The latest move follows a larger $4.472 billion fall in the prior week, when reserves stood at $688.104 billion.
- RBI said the current account gap narrowed to 1.3% of GDP on robust services and remittances, while FDI strengthened and FPIs recorded about $0.7 billion of net outflows since April.