New Delhi, July 25 -- India's forex reserves dropped from $1.183 billion to $695.489 billion during the week ended July 18, according to the Reserve Bank of India data released on Friday, July 25.

During the last reporting week, the total reserves decreased by $3.06 billion to $696.67 billion. By the end of September 2024, the reserves reached an all-time high of $704.885 billion.For the week ended July 18, foreign currency assets, a major component of the reserves, fell by $1.201 billion to $587.609 billion, the data released on Friday showed.The foreign currency assets (expressed in dollar terms) include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Howev...