India's forex reserves rose by 614.6 million US dollars to touch 316.393 billion dollars in the week ended 4th July. According to an RBI release, the foreign currency assets, a major part of the overall reserves, rose by 760.6 million to 289.573 billion dollars during the week. With this, the reserves are close to the record high reported in late 2011 at 321 billion dollars.Meanwhile, the gold reserves dropped by 155.5 million to 20.634 billion dollars in the reporting week. The special drawing rights was up 6.9 million to 4.466 billion dollars, and the country's reserve position with the IMF also rose 2.6 million to 1.718 billion dollars in the period under review.