<p> India's foreign exchange reserves soared by $11.02 billion to reach $561.162 billion for the week ended December 2, Reserve Bank data showed on Friday.</p>.<p>This is the fourth consecutive week of rise in the reserves. In the previous reporting week, the overall reserves had grown by $2.9 billion to $ 550.14 billion. For the week ended November 11, the forex kitty had jumped by $ 14.72 billion in its second fastest weekly acceleration ever.</p>.<p>In October 2021, the country's foreign exchange 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 $9.694 billion to $ 496.984 billion during the week to December 2, 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 increased by $ 1.086 billion to $41.025 billion.</p>.<p>The Special Drawing Rights (SDRs) were down by $164 million to $18.04 billion, the apex bank said.</p>.<p>The country's reserve position with the International Monetary Fund (IMF) was also down by $75 million to $ 5.108 billion in the reporting week, the data showed. </p>
<p> India's foreign exchange reserves soared by $11.02 billion to reach $561.162 billion for the week ended December 2, Reserve Bank data showed on Friday.</p>.<p>This is the fourth consecutive week of rise in the reserves. In the previous reporting week, the overall reserves had grown by $2.9 billion to $ 550.14 billion. For the week ended November 11, the forex kitty had jumped by $ 14.72 billion in its second fastest weekly acceleration ever.</p>.<p>In October 2021, the country's foreign exchange 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 $9.694 billion to $ 496.984 billion during the week to December 2, 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 increased by $ 1.086 billion to $41.025 billion.</p>.<p>The Special Drawing Rights (SDRs) were down by $164 million to $18.04 billion, the apex bank said.</p>.<p>The country's reserve position with the International Monetary Fund (IMF) was also down by $75 million to $ 5.108 billion in the reporting week, the data showed. </p>