Foreign exchange reserves were up $1.037 billion to $282.938 billion for the week ended July 23, on account of revaluation gains.
This is the seventh consecutive week during which the reserves have risen.
For the week ended July 16, foreign exchange reserves were up $2.479 billion to $281.901 billion. From June 11 to July 23, the net addition to forex reserves has been $10.155 billion.
According to the Reserve Bank of India's weekly statistical supplement, in the week ended July 23, foreign currency assets were up $1.037 billion to $256.714 billion.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies.
In the week under consideration, the euro has been gaining against the dollar increasing the value of our reserves, said a dealer with a public sector bank.
Gold reserves, SDRs and the reserve position in the IMF were unchanged at $19.894 billion, $4.987 billion and $1.343 billion respectively.
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