<p>India's forex reserves increased by $2.9 billion to $550.142 billion as on November 25, making it the third consecutive week of a widening in the kitty, the Reserve Bank said on Friday.</p>.<p>In the previous week ended November 18, the overall reserves had risen by $2.54 billion to $547.252 billion.</p>.<p>In October 2021, the country's forex kitty had reached an all-time high of $645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.</p>.<p>Foreign currency assets (FCA), a major component of the overall reserves, increased by $3 billion to $484.289 billion during the week to November 25, according to the Weekly Statistical Supplement released by the RBI on Friday.</p>.<p>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.</p>.<p>The gold reserves decreased by $73 million to $39.938 billion, it said.</p>.<p>The Special Drawing Rights (SDRs) were down by $25 million to $17.881 billion, the apex bank said.</p>.<p>The country's reserve position with the IMF was also down by $14 million to $5.033 billion in the week, the central bank data showed. </p>
<p>India's forex reserves increased by $2.9 billion to $550.142 billion as on November 25, making it the third consecutive week of a widening in the kitty, the Reserve Bank said on Friday.</p>.<p>In the previous week ended November 18, the overall reserves had risen by $2.54 billion to $547.252 billion.</p>.<p>In October 2021, the country's forex kitty had reached an all-time high of $645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.</p>.<p>Foreign currency assets (FCA), a major component of the overall reserves, increased by $3 billion to $484.289 billion during the week to November 25, according to the Weekly Statistical Supplement released by the RBI on Friday.</p>.<p>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.</p>.<p>The gold reserves decreased by $73 million to $39.938 billion, it said.</p>.<p>The Special Drawing Rights (SDRs) were down by $25 million to $17.881 billion, the apex bank said.</p>.<p>The country's reserve position with the IMF was also down by $14 million to $5.033 billion in the week, the central bank data showed. </p>