India's forex reserves drop $14.9 billion to $765.9 billion

India's foreign exchange reserves fell $14.9 billion to $765.9 billion for the week ending September 18, RBI data shows. The decline is mainly due to a $14.8 billion drop in Foreign Currency Assets to $631 billion. SDRs and IMF reserve position also dipped. Year-on-year, reserves are still $63.3 billion higher.