India's forex reserves surge $4.277 bn to record high of $572.771 bn

The country's foreign exchange reserves swelled by $4.277 billion to a lifetime high of $572.771 billion in the week ended November 13, RBI data showed on Friday.

The country's foreign exchange reserves swelled by $4.277 billion to a lifetime high of $572.771 billion in the week ended November 13, RBI data showed.
 
In the previous week ended November 6, the reserves had risen by a massive $7.779 billion to $568.494 billion.
 
In the reporting week, the jump in reserves was on account of an increase in foreign current assets (FCAs), a major component of the overall reserves.
 
FCAs climbed by $5.526 billion to $530.268 billion, the Reserve Bank of India's weekly data showed.
 

 
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
 
The gold reserves declined by $1.233 billion in the reporting week to $36.354 billion, as per the data.
 
The special drawing rights with the International Monetary Fund (IMF) remained unchanged at $1.488 billion.