India, May 23 -- India's forex reserves dropped $8.094 billion to $688.894 billion during the week ended May 15, the Reserve Bank of India (RBI) said on Friday.

The overall reserves had jumped by $6.295 billion to $696.988 billion during the week ended May 8.

The kitty had expanded to an all-time high of $728.494 billion during the week ended February 27 this year, before the onset of the Middle East conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales.

Prime Minister Narendra Modi has also made multiple public appeals starting May 11 to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from go...