New Delhi, Dec. 28 -- India's foreign exchange reserves experienced a significant decline of USD 8.4 billion, reaching USD 644.39 billion as of December 20, according to the latest data released by the Reserve Bank of India (RBI) on Friday.

This follows a previous decrease of USD 1.98 billion in the week ending December 13, 2024, when reserves stood at USD 652.87 billion.

The decline extended across multiple reserve components, with gold reserves decreasing by USD 2.3 billion to USD 65.7 billion.

Special Drawing Rights (SDRs) saw a reduction of USD 112 million, settling at USD 17.88 billion, while the country's reserve position in the International Monetary Fund (IMF) contracted by USD 23 million to USD 42.17 billion.

Despite these re...