India's foreign exchange reserves have experienced a decline of $1.31 billion, resulting in a total of $656.582 billion for the week ending November 22, according to the Reserve Bank of India (RBI).

This decrease follows a significant drop of $17.761 billion in the previous week, indicating a continued downward trend in reserves that have been under pressure for several weeks.

The latest data reveals that foreign currency assets, a crucial component of the reserves, have decreased by $3.043 billion to $566.791 billion.

The reserves had reached a peak of $704.885 billion at the end of September, highlighting the ongoing challenges faced by the Indian rupee due to fluctuating market conditions.