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The forex reserves jumped for the second consecutive week by adding $1.459 billion in the week to November 15, taking the overall reserves to a healthy $283.57 billion, on account higher foreign currency assets, the Reserve Bank said today.
In the week-ago period, reserves rose by $819.5 million to $282.113 billion.
Foreign currency assets, which form the largest chunk of the reserves, rose 1.465 billion to $255.90 billion in the week under review, the RBI said.
Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.
The gold reserves stood unchanged at $21.227 billion in the week ended on November 15, reflecting the tepid movement in prices.
The special drawing rights fell by $3.9 million to $4.411 billion.
The country's reserve position with the IMF also fell by $2 million to $2.029 billion in the week under review, RBI data showed.
