Mumbai, Dec 14 (PTI) The country’s foreign exchange reserves increased by USD 16.6 million to USD 393.734 billion in the week to December 7, mainly due to a rise in foreign currency assets, according to the Reserve Bank (RBI) data.Also Read - Abortion Rights at Stake in Historic Supreme Court Arguments

In the previous week, the reserves had increased by USD 932.8 million to USD 393.718 billion. Also Read - Supreme Court Set to Take Up All-Or-Nothing Abortion Fight

In the reporting week, foreign currency assets, a major component of the overall reserves, rose by USD 9.7 million to USD 368.497 billion, as per the RBI data. Also Read - Texas Abortion Ban Stays in Force as Justices Mull Outcome

Expressed in US dollars, foreign currency assets include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.

Forex reserves had touched a record high of USD 426.028 billion in the week to April 13, 2018. Since then, the forex kitty has been on a slide and is now down by over USD 31 billion.

Gold reserves were unchanged at USD 21.150 billion in the reporting week, the data showed.

The special drawing rights with the International Monetary Fund (IMF) increased by USD 2.5 million to USD 1.457 billion.

The country’s reserve position with the IMF also increased by USD 4.4 million to USD 2.630 billion, the apex bank said.

This is published unedited from the PTI feed.