India's foreign exchange reserves have seen a significant decrease, with a drop of $17.76 billion to $657.89 billion for the week ending November 15. This follows a decrease of $6.477 billion in the previous week, bringing the total reserves down from a peak of $704.885 billion reached at the end of September.

The latest figures show that foreign currency assets, which are an important part of the reserves, fell by $15.548 billion to $569.835 billion. The ongoing decline in reserves is happening at the same time as increasing pressure on the Indian rupee, which is causing concerns among market analysts and investors about the stability of the currency and the overall economic outlook.

It is crucial for India to address the decreasing foreign exchange reserves and the pressure on the Indian rupee. These developments have raised concerns among market analysts and investors, who are closely monitoring the stability of the currency and its impact on the overall economic outlook.