India's foreign exchange reserves Rise by 10.417 Billion to USD 572 Billion, one of the biggest weekly jumps in recent times

In the previous reporting week, total reserves decreased by $1.268 billion to $561.583 billion.

As of October 2021, the country's Forex Kitty reached an all-time high of $645 billion. Reserves fell as the central bank uses the kitty to protect the rupee from pressure mainly from global developments. In October 2022, the reserve swelled by $14.721 billion in a week.

Foreign reserves, the main component of foreign reserves, increased by $9.078 billion to $505.519 billion during the reporting week, according to RBI's weekly statistical supplement released on Friday.

Dollar-denominated currency reserves include the appreciation or depreciation of non-US units held in currency reserves, such as the euro, sterling, and yen.

Gold holdings continued to rise, increasing by $1.106 billion to $42.89 billion, RBI said. Settlement rights (SDRs) rose by $147 million to $18.36 billion, the apex bank said.

The country's reserve position with the IMF also increased by $86 million to $5.227 billion during the reporting week, data from the top bank showed.