NEW DELHI: India's foreign-exchange reserves increased $967 million to a record $271.1 billion in the week ended November 16, suggesting the RBI bought dollars from the local currency market.
Foreign-currency assets rose by $978 million to $262.9 billion, the Reserve Bank of India said in a release on Friday.
The nation's special drawing rights with the International Monetary Fund fell by $10 million to $3 million during the week, the bank said.
The nation's reserves with the IMF fell $1 million in the week through November 16 to $433 million while gold reserves were held at $7.81 billion, the RBI said.
The change in foreign-currency assets is partly because of changes in the value of the dollar against the euro, yen and other currencies during the period, the central bank said.
India's foreign-exchange reserves rose by $100.8 billion over the past year and by $72 billion in the financial year that began April 1, the bank said.
The reserves comprise overseas currencies, gold and special drawing rights with the International Monetary Fund.
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