India's foreign exchange reserves rose by $2.49 billion to $719.547 billion in the week ended November 6, according to data released by the Reserve Bank of India (RBI) on Friday. The increase comes after consecutive weeks of decline, during which the country's forex reserves fell from $722.3 billion in the week ended October 17 to $717.057 billion in the week ended October 30. The latest rise was driven primarily by an increase in gold reserves, which climbed by $2.205 billion to $104.796 billion during the week, RBI data showed. Foreign currency assets (FCAs), the largest component of India's forex reserves, increased by $232 million to $591.350 billion. FCAs reflect the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.