India's foreign exchange reserves have shot up by 177.8 million US dollars to 293.28 billion US dollars in the week ended 10th January. An RBI press release said that the sharp rise in the reserves is due to the rise in foreign currency assets. During the week, the gold reserves remained unchanged at 19.72 billion. For the week under review, the special drawing rights were down by 8.6 million to 4.425 billion, while the country's reserve position with the International Monetary Fund declined by 3.9 million to 1.9 billion.