India's foreign exchange reserves rose by $3.51 billion during the week ended November 1, official data showed on Friday. According to the Reserve Bank of India's weekly statistical supplement, the overall forex reserves increased to $446.09 billion from $442.58 billion reported for the week ended October 25.

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India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF). On a weekly basis, FCAs -- the largest component of the forex reserves -- edged higher by $3.20 billion at $413.65 billion.

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The RBI's weekly data also showed that the value of the country's gold reserves went up by $301 million to $27.35 billion. The country's reserve position with the IMF rose by $10 million to $3.64 billion, while the SDR value went up by $2 million to $1.44 billion.