India's foreign exchange reserves rise to $270.181 billion

India's foreign exchange reserves rose to a record $270.181 billion on November 9, from $266.518 billion a week earlier, the Reserve Bank of India said in its weekly statistical supplement on Friday. Analysts said a part of the increase in reserves was due to the heavy intervention by the central bank to check the rupee's rise, which hit a near decade high of 39.16 last week.
The central bank said foreign currency assets expressed in US dollar terms included the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, pound sterling and yen. The foreign exchange reserves include India's Reserve Tranche Position in the International Monetary Fund, the central bank said.