India's forex kitty swells by $1.46 billion

The forex reserves jumped for the second consecutive week by adding $1.459 billion in the week to November 15, taking the overall reserves to a healthy $283.57 billion, on account higher foreign currency assets, the Reserve Bank said on Friday.

In the week-ago, reserves rose by $819.5 million to $282.113 billion.

Foreign currency assets, which form the largest chunk of the reserves, rose 1.465 billion to $255.90 billion in the week under review, the RBI said.

Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.

The gold reserves stood unchanged at $21.227 billion in the week ended on November 15, reflecting the tepid movement in prices.

The special drawing rights fell by $3.9 million to $4.411 billion.

The country's reserve position with the International Monetary Fund also fell by $2 million to $2.029 billion in the week under review, RBI data showed.