Mumbai, Sep 22 (IANS): India's foreign exchange (forex) reserves rose by $2.43 billion to $294.47 billion for the week ended Sep 14, 2012, the Reserve Bank of India's (RBI) data show.

The reserves had increased by $1.58 billion to $292 billion for the previous week.

Foreign currency assets, the biggest component of the forex reserves kitty in the week under review grew by $2.33 billion to $261.51 billion, according to the weekly statistical supplement released by the RBI.

The RBI in a statement said that foreign currency assets in US dollar terms included the effect of appreciation or depreciation of non-US currencies held in reserve, such as the pound sterling, euro and yen.

However, the value of gold reserves remained stagnant at $26.23 billion. Both the special drawing rights (SDRs) and reserves with the International Monetary Fund (IMF) grew in the week under review.

The SDRs increased by $65.4 million to $4.47 billion during the week ended Sep 14, 2012, while India's reserves with the IMF grew by $32.9 million to $2.24 billion.