The foreign exchange reserves had fallen by USD 502.4 million to USD 293.97 billion in the previous reporting week.
After remaining unchanged for weeks, the gold reserves shot up by USD 1.89 billion to USD 28.133 billion for the week ended September 28, RBI data released today showed.
The gains in the gold reserves helped offset a heavy fall in the foreign currency assets (FCAs), a major component of the forex reserves.
FCAs were down by USD 1.072 billion to USD 259.96 billion for the week ended September 28, the RBI's weekly statistical supplement showed.
FCAs, expressed in US dollar terms, include the effect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in the reserves.
For the week under review, the special drawing rights (SDRs) were down by USD 9.5 million to USD 4.45 billion, while the country's reserve position with the IMF was up USD 26.5 million to USD 2.27 billion, the apex bank data showed.
