Mumbai: India's forex reserves went up by US$ 714 million to stand at US$ 176.233 billion during the week ended December 22 as against US$ 175.519 billion during the week ended December 15.

The reserves were up down by US$ 75 million during the preceeding week ended December 15, compared to a week ago period.

The Foreign Currency Assets also increased by US$ 712 million to US$ 169.191 billion during the seven day period ended December 22, 2006, according to figures released by the Reserve Bank of India (RBI) Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as Euro, Sterling, Yen held in reserves.

The reserve position in the IMF also went down by two million to stand at US$ 547 million.

Gold reserves and SDRs remained static at USD 6.494 billion and US$ one million respectively.