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Foreign exchange reserves rise to 5-month high

India's foreign exchange reserves rose to $572 billion in the week through January 13, their highest level since early August last year, the Reserve Bank of India's (RBI) statistical supplement showed on Friday. That is higher than the country's reserves of $561.58 billion for the week ended January 6, and the more-than-two-year low of $524.52 billion hit in October 2022. The central bank has, in the past, said that changes in reserves also stem from valuation gains or losses.