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Mumbai Feb. 9 Forex reserves have risen for the fourth consecutive week to $180.047 billion, for the week ended February 2, on a growth in foreign currency assets.

The forex kitty showed an increase of $995 million. Last week, forex reserves increased by $924 million to $ 179.052 billion. Foreign currency assets expressed in dollars include the effect of appreciation or depreciation in non-US currencies (euro, sterling and yen) held in reserves.

Foreign currency assets have increased by $981 million to touch $172.965 billion, according to RBI Weekly Statistical Supplement.

"The RBI has been intervening in the market through the week and that helped our forex reserves to increase," said a dealer at a private bank. Gold reserves rose $12 million to $6.529 billion, while SDRs remained unchanged at $10 million. India's reserve position in the IMF increased by $2 million to $543 million.

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