India's foreign exchange reserves dropped by $7.511 billion to $681.384 billion for the week ended May 22, according to RBI data. Foreign Currency Assets (FCA) fell by $2.872 billion, while gold reserves decreased by $4.53 billion. Factors like the Middle East conflict and the depreciating Rupee have put pressure on the reserves, necessitating RBI intervention. This follows a record high of $728.494 billion in February.
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