The reserves had decreased by USD 1.61 billion to USD 315.69 billion for the week ended September 12.

However, according to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, increased by USD 18.9 billion at USD 288.78 billion in the week under review.

The foreign currency assets had decreased by USD 1.59 billion at USD 288.76 billion in the previous week.

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) slipped by USD 111.8 million to USD 1.55 billion.The value of special drawing rights (SDRs) was down by USD 8.4 million at USD 4.32 billion.

The value of gold reserves was static at USD 20.93 billion for the week ended on September 19. The value of gold reserves fallen by USD 240.7 million at USD 20.93 billion for the week ended on September 5.

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