India's forex reserves fell $1.237B to $691.485B in the week ended May 30, driven by foreign currency asset decline and SDRs, offset by gold gains.

• Foreign currency assets dropped $1.952B to $584B, the major reserves component.
• Gold reserves rose $723M to $84.305B, partly offsetting forex decline.
• SDRs and IMF reserves fell $2M and $6M, respectively minor declines.