The country’s foreign exchange reserves increased by $116.4 million to $393.404 billion in the week to December 28, on account of rise in foreign currency assets, according to RBI data.
In the previous week, the reserves had increased by $167.2 million to $393.287 billion.
In the reporting week, foreign currency assets, a major component of the overall reserves, rose by $106.3 million to $368.077 billion.
Expressed in US dollars, foreign currency assets include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
The reserves had touched a record high of $426.028 billion in the week to April 13, 2018. Since then, the forex kitty has been on a slide and is now down by over $31 billion.
Gold reserves remained unchanged at $21.224 billion in the reporting week, the data showed.
The country’s reserve position with the IMF also surged by $6.5 million to $2.640 billion, the apex bank said.