Forex reserves rise by $4.36 bn to $292 bn

India's foreign-exchange reserves rose $4.36 billion to a record $292.7 billion in the week ended February 1, the central bank said. Foreign-currency assets increased by $3.5 billion to $283 billion, the Reserve Bank of India said in an e-mailed release in Mumbai.

The nation's special drawing rights with the International Monetary Fund were held at $9 million. Its reserves with the IMF fell by $11 million to $423 million, while gold reserves rose $871 million to $9.2 billion. The reserves comprise overseas currencies, gold and special drawing rights with the IMF.