Forex reserves up $741 mn

India’s foreign exchange reserves went up by $741 million to $284.26 billion during the week ended January 8, mainly due to revaluation of currencies. According to the latest data by the Reserve Bank of India (RBI), foreign currency assets went up by $772 million to $259.41 billion during the week. In rupee terms, the reserve declined by Rs 19,151 crore to Rs 13,03,529 crore. While gold remained unchanged in the reserve, SDRs dropped by $24 million to $5.14 billion.