The country's foreign exchange reserves increased by $116.4 million to $393.404 billion in week to December 28, on account of rise in foreign currency assets, according to RBI data.In previous week, reserves had increased by $167.2 million to $393.287 billion.In reporting week, foreign currency assets, a major component of overall reserves, rose by $106.3 million to $368.077 billion.Expressed in US dollars, foreign currency assets include effect of appreciation or depreciation of non-US currencies such as euro, pound and yen held in reserves.The reserves had touched a record high of $426.028 billion in week to April 13, 2018.
Since then, forex kitty has been on a slide and is now down by over $31 billion.Gold reserves remained unchanged at $21.224 billion in reporting week, data showed.The special drawing rights with International Monetary Fund (IMF) increased by $3.6 million to $1.462 billion.The country's reserve position with IMF also surged by $6.5 million to $2.640 billion, apex bank said.