New Delhi, Jan. 11 -- India's foreign exchange reserves dropped sharply, by USD 9.809 billion in the week that ended January 2, to USD 686.801 billion, driven by a slump in both gold reserves and foreign currency assets, the Reserve Bank of India's latest 'Weekly Statistical Supplement' data showed.

Over the past few weeks, the forex kitty has been largely in an uptrend.

The country's foreign exchange (forex) kitty has been hovering close to its all-time high of USD 704.89 billion, reached in September 2024.

For the reported week (that ended January 2), India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 551.990 billion, down USD 7.622 billion.

The RBI data showed that gold reserves ...