India's foreign exchange reserves increased by a whopping $4.504 billion to stand at $309.16 billion for the week ended March 28.
The forex reserves had dipped by $1.8 billion a week before to stand at $304.65 billion.
Foreign currency assets increased by $4.498 billion to $299.147 billion, against $294.649 billion in a week-ago period, the Reserve Bank said.
The foreign currency assets expressed in dollar include the effect of appreciation or depreciation of non-US currencies such as Euro, Sterling and Yen held in reserve, it said.
India's reserve position in the International Monetary Fund increased by $5 million to stand at $437 million.
During the period, gold reserves remained static at $9.558 billion while the special drawing rights increased by a million to $19 million, the RBI said.
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