India's forex reserves up at $286.72 billion

India's foreign exchange reserves rose by $1.379 billion for the week ended November 27, to $286.723 billion compared to $285.344 billion in the previous week.

The foreign currency assets, during the week, stood at $262.449 billion, up $571 million, compared to $261.878 billion in the week ago, RBI said in its weekly report.

Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling, Yen held in reserves, the report said.

Gold reserves, during the week, stood unchanged at $17.5 billion while the special drawing rights (SDRs) jumped to $5.310-billion as compared to USD 5.266-billion in the week ago, the RBI said. The country's reserve position in the International Monetary Fund rose to $1.464-billion from $700million in the week-ago period, the RBI said.