India's foreign exchange reserves increased by $2.579 billion to $586.111 billion in the week ending October 27, according to the Reserve Bank of India. This follows a drop in reserves the previous week. The increase in reserves is due to a rise in foreign currency assets, which reached $514.504 billion. Gold reserves also saw an increase, while Special Drawing Rights and India's reserve position with the IMF declined. The country's forex reserves had previously reached a record high of $645 billion in October 2021.