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<h1>India forex reserves rose by USD 4.496 billion, driven by higher gold valuation despite lower foreign currency assets.</h1> India's foreign exchange reserves increased by USD 4.496 billion to USD 702.28 billion for the week ended October 17, primarily because gold reserves rose by USD 6.181 billion to USD 108.546 billion. Foreign currency assets fell by USD 1.692 billion to USD 570.411 billion; SDRs rose by USD 38 million to USD 18.722 billion; and the reserve position with the IMF decreased by USD 30 million to USD 4.602 billion. Foreign currency assets include valuation effects from non US currencies.