The country's foreign exchange reserves rose $943 million to touch a life-time high of $462.16 billion in the week ended January 17, according to the latest data from the RBI . In the previous week, the reserves had increased by $58 million to $461.21 billion.In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets , a major component of the overall reserves, which rose by $867 million to $428.45 billion, the data released by the Reserve Bank of India (RBI) on Friday 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.In the reporting week, gold reserves increased $70 million to $28.56 billion.The special drawing rights with the International Monetary Fund (IMF) were up by $3 million to $1.45 billion.The country's reserve position with the IMF rose by $3 million to $3.70 billion, the data showed.

Source: Economic Times January 24, 2020 12:33 UTC