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The reserves had gone down by $92.8 million to $296.53 billion for the week ended December 21, 2012.
The foreign currency assets (FCA) — the biggest component of the forex reserves — went up by $63.9 million at $262.01 billion, according to the weekly statistical supplement released by the RBI.
The FCA decreased by $169.9 million at $261.94 billion in the previous week.
The central bank said FCA in US dollar terms included the effect of appreciation or depreciation of non-U.S. currencies held in reserve, such as the pound sterling, euro and yen.