The reserves had increased by USD 1.43 billion to USD 316.31 billion for the week ended November 28. According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, plunged USD 867.4 million at USD 289.95 billion in the week under review.

The foreign currency assets had risen USD 1.42 billion at USD 290.82 billion in the week under review (Nov 28).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) was down USD 7.7 million to USD 1.51 billion.

The value of special drawing rights (SDRs) was lower by USD 21.6 million at USD 4.20 billion. Gold reserves for the week under review were down by USD 753.2 million at USD 18.98 billion.

The value of gold reserves which was static since October 3 at USD 20.01 billion and had declined by 275 million at USD 19.73 billion for the week ended October 31, remained the same in the week ended November 21.

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