After having declined for two consecutive weeks, country's foreign exchange reserves grew by $293-million to $282.84-billion from the week before's $282.55-billion.
Foreign currency assets, a major component of the country's foreign exchange reserves, grew $279-million to $256.65-billion for the week ended August 27 as against the previous week's $256.37-billion, the Reserve Bank of India (RBI) said in its weekly data released today.
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies, such as the euro, sterling and yen, held in the reserves, the apex bank said.
Country's foreign exchange reserves had tanked by over $4.7-billon in the fortnight before due to import payments and changes in values of many currencies.
For the week ended August 27, gold reserves remained unchanged at $19.278-billion while country's Special Drawing Rights (SDRs) moved up marginally to $4.981-billion, up $10-million.
India's reserve position in the International Monetary Fund (IMF) also went up marginally by $4-million to $1.935-billion, the RBI data said.
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