Forex reserves jump $5.08 bn to $595.40 bn

Mumbai: India’s forex reserves increased by $5.077 billion to $595.397 billion during the week ended November 17, the Reserve Bank said on Friday. In the previous reporting week, the kitty declined $462 million to $590.321 billion. For the week ended November 17, the foreign currency assets, a major component of the reserves, increased $4.387 billion to $526.391 billion, according to the Weekly Statistical Supplement released by the Reserve Bank of India (RBI).