India's foreign exchange reserves dropped by USD 1.494 billion to reach USD 575.267 billion as of February 3, snapping a three-week rising trend, RBI data showed on Friday.
In the previous reporting week, the overall reserves had jumped by USD 3.03 billion to USD 576.76 billion.

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In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

The foreign exchange reserves of India touched an all-time high in the last six months for the week ending on January 20, 2023. The total forex reserves stood at USD 573.7 billion on January 20, shows the recent data released by the Reserve Bank of India (RBI) on January 27

For the week ended February 3, the foreign currency assets, a major component of the reserves, decreased by USD 1.323 billion to USD 507.695 billion, according to the Weekly Statistical Supplement released by the RBI.

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