The country's foreign exchange reserves rose by $1.193 billion to reach $582.406 billion in the week ended April 16, Reserve Bank of India (RBI) data showed on Friday.
The reserves had touched a lifetime high of $590.185 billion in the week ended January 29, 2021.
In the week ended April 16, 2021, the increase in reserves was mainly due to a rise in Foreign Currency Assets (FCAs), a major component of the overall reserves. It rose by $1.13 billion to $540.585 billion, weekly data by the RBI showed.
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.
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Gold reserves increased by $34 million to $35.354 billion in the reporting week, as per the data.
The Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased by $6 million to $1.498 billion.
The country's reserve position with the IMF rose by $23 million to $4.969 billion in the reporting week, according to the central bank data.
