New Delhi, Feb. 8 -- Foreign exchange reserves in India decreased by USD 207 million for the week ending January 31, following two consecutive weeks of gains. The previous week had seen a substantial increase of USD 5.574 billion, bringing the total reserves to USD 629.557 billion.

This recent decline comes amid a broader downward trend observed over the past few weeks, attributed to currency revaluation effects and the Reserve Bank of India's interventions to stabilise the rupee in foreign exchange markets.

The reserves had reached their peak at USD 704.885 billion in late September 2024, marking a historic high for the country. According to data released by the Reserve Bank of India on Friday, foreign currency assets, which constitute...