Forex reserves up $183 mn to record high of $560.71 bn

The country's foreign exchange reserves rose $183 million to touch a record high of $560.715 billion in the week ended October 30, RBI data showed on Friday.

In the previous week ended October 23, the reserves had jumped $5.412 billion to $560.532 billion.

In the reporting week, the reserves rose due to an increase in foreign currency assets (FCA), a major component of the overall reserves.

FCA rose by $815 million to $518.339 billion, the RBI'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.

Gold reserves declined $601 million in the reporting week to $36.259 billion, the RBI data showed.

The special drawing rights with the International Monetary Fund (IMF) decreased $6 million to $1.482 billion during the week.

The country's reserve position with the IMF also declined by $25 million to $4.636 billion during the reporting week, the data showed.

Photograph: Marcos Brindicci/Reuters