India's forex reserves increased by $392 million to $687.19 billion during the week ended January 9, the Reserve Bank of India said on Friday. In the previous reporting week, the overall kitty had dropped by $9.809 billion to $686.80 billion.
For the week ended January 9, foreign currency assets, a major component of reserves, decreased by $1.124 billion to $ 550.866 billion, the central bank's data showed.
Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
Value of the gold reserves jumped by $1.568 billion to $112.83 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were down by $39 million to $18.739 billion, the apex bank said.
India's reserve position with the IMF was down by $13 million to $4.758 billion in the reporting week, according to the apex bank's data.
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