The rupee fell to a record low of 96.96 on May 20. The fall in reserves also comes amid revaluation in gold reserves. Gold reserves fell by $4.5 billion to $114.7 billion, while foreign currency assets decreased by $2.8 billion to $543 billion in the week.

India's foreign exchange reserves saw another dip. Reserves fell by $7.51 billion to $681.38 billion in the week ending May 22. This follows a sharp decline the previous week.…

India's foreign exchange reserves fell by $7.511 billion to $681.384 billion in the week ended May 22, extending their decline for a second consecutive week, according to data…