Foreign currency assets, the biggest component of the forex reserves, rose by USD 829.7 million to USD 254.43 billion during the week under review, according to the Reserve Bank of India (RBI) Weekly Statistical Supplement.

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

However, India's reserve position with the International Monetary Fund (IMF) fell by USD 3.2 million to USD 2.03 billion and the value of the special drawing rights (SDRs) dropped by USD 7 million to USD 4.41 billion.

The value of India's gold reserves remained unchanged at USD 21.22 billion during the week under review.


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