New Delhi, Dec. 7 -- India's foreign exchange reserves declined by USD 1.877 billion in the week that ended November 28 to USD 686.227 billion, according to the latest weekly data released by the Reserve Bank of India (RBI).

In the last reporting week (November 21), forex reserves declined by USD 4.472 billion to USD 688.104 billion, driven by a slump in both foreign currency assets and gold reserves.

Over the past many weeks, the forex kitty has been largely in a downtrend.

RBI's 'Weekly Statistical Supplement' data showed that India's foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at USD 557.031 billion, down USD 3.569 billion.

Interestingly, gold reserves increased by 1.613 billion to USD 1...