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India’s foreign exchange reserves rose by $5.41 billion to touch an all-time high of $560.53 billion in the week ended Oct. 23, central bank data showed Friday.
The forex reserves stood at $555.12 billion in the week ended Oct. 16.
According to RBI data,
During the reporting week, the surge in the forex reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves. FCA rose by $5.20 billion to $517.524 billion, according to Reserve Bank of India data.
Expressed in dollar terms, the foreign currency assets include effect of appreciation or depreciation of non-U.S. units such as the euro, pound and yen held in forex reserves.