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<h1>Forex reserves fell USD 9.81 billion to USD 686.80 billion, led by declines in foreign currency assets and gold.</h1> India's forex reserves fell by USD 9.809 billion to USD 686.801 billion for the week to January 2, driven chiefly by a USD 7.622 billion decline in foreign currency assets; gold reserves decreased by USD 2.058 billion, SDRs by USD 25 million, and the IMF reserve position by USD 105 million, reversing the prior week's USD 3.293 billion increase.