Mumbai, Sept. 25 -- India's foreign exchange reserves declined by USD 14.88 billion to USD 765.90 billion in the week ended September 18, according to the latest data released by the Reserve Bank of India (RBI) on Friday.

The country's forex reserves stood at USD 780.78 billion in the previous week ended September 11.

According to the RBI's Weekly Statistical Supplement, the decline was mainly driven by a fall in foreign currency assets, the largest component of India's foreign exchange reserves.

Foreign currency assets fell by USD 14.82 billion to USD 630.98 billion during the week.

The value of gold reserves, however, increased by USD 68 million to USD 111.29 billion, providing a marginal offset to the overall decline in reserves. ...