<p>Forex reserves increased by $3.034 billion to $576.76 billion as of January 27, making it the third consecutive week of a jump in the kitty.</p>.<p>The overall reserves had risen by $1.727 billion to $573.727 billion in the previous reporting week.</p>.<p>It can be noted that 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>For the week ended January 27, the foreign currency assets, a major component of the reserves, increased by $2.66 billion to $ 509.018 billion, 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 continued to rise, increasing by $316 million to $ 44.027 billion, the RBI said.</p>.<p>The Special Drawing Rights (SDRs) were up by $46 million to $ 18.478 billion, the apex bank said.</p>.<p>The country's reserve position with the IMF was up by $11 million to $ 5.238 billion in the reporting week, the apex bank data showed.</p>
<p>Forex reserves increased by $3.034 billion to $576.76 billion as of January 27, making it the third consecutive week of a jump in the kitty.</p>.<p>The overall reserves had risen by $1.727 billion to $573.727 billion in the previous reporting week.</p>.<p>It can be noted that 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>For the week ended January 27, the foreign currency assets, a major component of the reserves, increased by $2.66 billion to $ 509.018 billion, 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 continued to rise, increasing by $316 million to $ 44.027 billion, the RBI said.</p>.<p>The Special Drawing Rights (SDRs) were up by $46 million to $ 18.478 billion, the apex bank said.</p>.<p>The country's reserve position with the IMF was up by $11 million to $ 5.238 billion in the reporting week, the apex bank data showed.</p>