According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, declined by USD 863 million at USD 294.53 billion in the week under review. The foreign currency assets had lost USD 271 million at USD 295.39 billion in the previous week (Dec 26).

The RBI said the foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve.

India's reserve position with the International Monetary Fund (IMF) in the week ended January 2 fell by USD 0.2 million and stood at USD 1.13 billion.

he value of special drawing rights (SDRs) was lower by USD0.7 million in the week under review at USD 4.18 billion. Gold reserves for the week under review grew by USD392 million at USD19.37 billion. The bullion was static at USD18.98 billion in the previous week (December 26).

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