India's forex reserves up $236 million to $319 billion

India's foreign exchange reserves surged by $236.4 million to $319.475 billion in the week to January 9 on account of a jump in foreign currency assets.

The reserves had decreased by $471.4 million to $319.238 billion in the previous week.

The foreign currency assets (FCAs), a major constituent of overall reserves, jumped $308.5 million to $294.845 billion in the reporting week, RBI data showed.

FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non-US currencies such as the euro, pound and yen, held in reserves.
The country's gold reserves remained unchanged at $19.377 billion.

Special Drawing Rights (SDRs) decreased by $56.7 million to $4.128 billion, while India's reserve position with the IMF dipped by $15.4 million to $1.123 billion during the week, the data showed.