The reserves had declined by USD 97.9 million to USD 322.03 billion in the previous week (January 23).

According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, rose USD 5.81 billion at USD 303.32 billion in the week under review.

The foreign currency assets had fallen by USD 19.7 million at USD 297.51 billion in the previous week (January 23).

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 on January 30 increased by USD 6.8 million and stood at USD 1.10 billion.

The value of special drawing rights (SDRs) was higher by USD 24.6 million in the week under review at USD 4.07 billion.

Gold reserves for the week ended on January 30 was static at USD 19.37 billion. The reserves had grown by USD 392 million at USD 19.37 billion in the week ended on January 9.

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