Mumbai, Jan 16 (PTI) India's forex reserves increased by USD 392 million to USD 687.19 billion during the week ended January 9, the Reserve Bank of India said on Friday.

In the previous reporting week, the overall kitty had dropped by USD 9.809 billion to USD 686.80 billion.

For the week ended January 9, foreign currency assets, a major component of reserves, decreased by USD 1.124 billion to USD 550.866 billion, the central bank's data showed.

Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.

Value of the gold reserves jumped by USD 1.568 billion to USD 112.83 billion during the week, the RBI said.

The Special Drawing Rights (SDRs) were down by USD 39 million to USD 18.739 billion, the apex bank said.

India's reserve position with the IMF was down by USD 13 million to USD 4.758 billion in the reporting week, according to the apex bank's data. PTI AA DRR

Forex reserves rose by USD 392 million to USD 687.19 billion, driven by gold gains despite lower foreign currency assets. The central bank's weekly reserve statement records an increase in foreign exchange reserves of USD 392 million to USD 687.19 billion for the week ended January 9, with foreign currency assets down USD 1.124 billion to USD 550.866 billion, gold holdings up USD 1.568 billion to USD 112.83 billion, SDRs down USD 39 million to USD 18.739 billion, and the IMF reserve position down USD 13 million to USD 4.758 billion.