The reserves had increased by USD 614.6 million to USD 316.39 billion for the week ended July 4.According to the RBI's weekly statistical supplement, foreign currency assets, the biggest component of the forex reserves, gained USD 648.7 million to USD 290.22 billion.

The foreign currency assets had increased by USD 760.6 million to USD 286.57 billion for the week ended July 4.The RBI said that the foreign currency assets, expressed in US dollar terms, 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) declined by USD 1.5 million to USD 1.71 billion.

The value of special drawing rights (SDRs) too fell. SDR were down USD 4.00 million to USD 4.46 billion. The value of gold reserves remained unchanged at USD 20.63 billion. The gold reserves had declined by USD 155.5 million in value at USD 20.63 billion in the week ended July 4.


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