In the previous week (December 5) the reserves had fallen by dollar 1.64 billion to dollar 314.66 billion. According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, gained dollar 2.40 billion at dollar 292.36 billion in the week under review.

The foreign currency assets had plunged dollar 867.4 million at dollar 289.95 billion in the previous week (December 5).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) fell by 253.5 million and stood at dollar 1.26 billion. The value of special drawing rights (SDRs) was higher by dollar 19.9 million at dollar 4.22 billion.

Gold reserves for the week under review were static at dollar 18.98 billion. the bullion had declined by dollar 753.2 million in the previous week (December 5).

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