New Delhi, Feb. 15 -- India's foreign exchange reserves dipped USD 6.711 billion in the week that ended February 6 to USD 717.064 billion, after having reached a new all-time high in the prior week, according to the Reserve Bank of India's latest data.

Foreign exchange reserves dipped substantially in the latest week, driven by a drop in gold reserves while foreign currency assets rose.

Over the past few weeks, the forex kitty has been largely in an uptrend. Foreign exchange reserves touch record high of USD 723.774 billion last week.

For the reported week (that ended February 6), India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 570.053 billion, up USD 7.661 billion.

The RBI data ...