RBI’s reserves print: India adds $1.03 billion in a week, gold pops to nearly $107 billion

The Special Drawing Rights (SDRs) were up by $93 million to $18.721 billion, the apex bank said.

India's forex reserves jumped by USD 1.033 billion to USD 687.26 billion during the week ended December 5, the RBI said on Friday.

In the previous reporting week, India's forex reserves had dropped by $1.877 billion to $686.227 billion.

For the week ended December 5, foreign currency assets, a major component of the reserves, decreased by $151 million to $556.88 billion, the data released showed.

Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.

Value of the gold reserves increased by $1.188 billion to $106.984 billion during the week, the RBI said.

The Special Drawing Rights (SDRs) were up by $93 million to $18.721 billion, the apex bank said.

India's reserve position with the IMF was down by $97 million to $4.675 billion in the reporting week, according to the apex bank's data.