India's forex reserves rose by $2.7 billion to $698.19 billion during the week ended July 25, the RBI said on Friday.
In the previous reporting week, the overall reserves had dropped $1.183 billion to $695.489 billion.
For the week ended July 25, foreign currency assets, a major component of the reserves, increased by $1.32 billion to $588.93 billion, the 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 grew by $1.21 billion to $85.70 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by $126 million to $18.81 billion, the apex bank said.
India's reserve position with the IMF was higher by $55 million at $4.75 billion in the reporting week, the RBI data showed.
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