Reserves had fallen by $1.557 billion in the previous week after posting a rise in three consecutive weeks.
Foreign currency assets (FCAs), which stood at $304.875 billion in the past week, went up by $1.045 billion to $305.92 billion during the period, according to RBI weekly data.
The FCAs expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves, RBI said.
Gold reserves and Special Drawing Rights, during the week, stood static at $9.202 billion and $11 million respectively, it said.
The country's reserve position in the International Monetary Fund (IMF), during the seven-day period, stood at $527 million as against $526 million in the previous week.