India's forex reserves jumped by $3.51 billion to $694.23 billion for the week ended August 29, the RBI said on Friday.
The overall reserves had dropped by $4.39 billion to $690.72 billion in the previous reporting week.
For the week ended August 29, foreign currency assets, a major component of the reserves, increased by $1.69 billion to $583.94 billion, the latest data showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The gold reserves increased by $1.77 billion to $86.77 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $40 million to $18.78 billion, the apex bank said.
India's reserve position with the IMF was also up by $18 million at $4.75 billion in the reporting week, the RBI data showed.