New Delhi, Nov. 6 -- India's foreign exchange reserves declined by USD 2.691 billion to USD 717.056 billion in the week ended October 30, according to the latest data released by the Reserve Bank of India (RBI) on Friday.

The decline was primarily driven by a fall in foreign currency assets and gold reserves, which together account for the bulk of the country's foreign exchange holdings.

Foreign currency assets, the largest component of the reserves, declined by USD 2.088 billion to USD 591.118 billion during the week. Gold reserves fell by USD 559 million to USD 102.591 billion.

Special Drawing Rights (SDRs), the reserve assets allocated by the International Monetary Fund (IMF), also declined by USD 47 million to USD 18.558 billion. ...