<p>This is the first time in the last five weeks the forex reserves kitty has registered a gain. The kitty had dropped by over $16 billion in the previous four weeks. <br /><br />They had dropped by $4.26 billion and $5.71 billion respectively in the previous two weeks. <br />Foreign currency assets, the biggest component of the forex reserves kitty, increased by $1.31 billion to $271.69 billion for the week ended Dec 2, according to the weekly statistical supplement of the Reserve Bank of India (RBI). <br /><br />RBI does not provide any reason for the change in the foreign currency assets. <br /><br />It says the assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve. <br /><br />The value of gold reserves climbed by $1.14 billion at $28.04 billion. <br /><br />India's reserves with the International Monetary Fund (IMF) increased by $7 million to $2.61 billion and the value of special drawing rights (SDRs) rose by $12 million to $4.50 billion.</p>
<p>This is the first time in the last five weeks the forex reserves kitty has registered a gain. The kitty had dropped by over $16 billion in the previous four weeks. <br /><br />They had dropped by $4.26 billion and $5.71 billion respectively in the previous two weeks. <br />Foreign currency assets, the biggest component of the forex reserves kitty, increased by $1.31 billion to $271.69 billion for the week ended Dec 2, according to the weekly statistical supplement of the Reserve Bank of India (RBI). <br /><br />RBI does not provide any reason for the change in the foreign currency assets. <br /><br />It says the assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve. <br /><br />The value of gold reserves climbed by $1.14 billion at $28.04 billion. <br /><br />India's reserves with the International Monetary Fund (IMF) increased by $7 million to $2.61 billion and the value of special drawing rights (SDRs) rose by $12 million to $4.50 billion.</p>