New Delhi, Aug. 31 -- India's foreign exchange reserves (Forex) declined by USD 4.4 billion in the week that ended August 22 to USD 690.720 billion, driven largely by slump in foreign currency assets, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement'.

For the reported week, India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 582.251 billion, down by USD 3.652 billion.

The RBI data showed that the gold reserves currently amount to USD 85.003 billion, witnessing a decline of USD 665 million.

After the latest monetary policy review meeting, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country's impor...