Mumbai: Foreign exchange reserves with the country increased by $404 million to $165.542 billion during the week ended September 15 from $165.138 billion during the week ended September 8.

India''s foreign currency assets increased by $404 million to $158.239 billion while gold reserves and SDRs remained static at $6.53 billion and at $1 million respectively during the week ended September 15, according to figures released by the Reserve Bank of India (RBI).

The country''s reserve position at the IMF remained static at $764 million.

India''s foreign exchange reserves had decreased by $1.320 billion during the preceding week ended September 8 from the week ago.

Foreign currency assets in dollars include the effect of revaluation of non-US currencies such as euro, sterling, yen held in reserves.