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Mumbai, June 29 Forex reserves have increased by $1.534 billion to $212.549 billion for the week ended June 22 on revaluation of non-dollar currencies against the dollar and RBI’s intervention in the forex market. “There have been good FII inflows into the market which also contributed to the reserves,” said a dealer with a private bank.

The reserves had increased by $1.468 billion to $211.015 billion for the week ended June 15.

Foreign currency assets rose $1.532 billion to $205.178 billion, said the RBI’s Weekly Statistical Supplement.

Foreign currency assets, as expressed in dollars, include the effect of appreciation or depreciation in non-US currencies (euro, sterling and yen) held in reserves.

“The RBI has been intervening in the forex market, trying to keep the rupee at 40.50 level against the greenback. The euro has weakened against the dollar which has also attributed to the reserves,” said a dealer with a private bank.

Gold reserves and SDRs remained the same at $6.911 billion and $1 million, respectively. The country’s reserve position in the IMF rose $2 million to $459 million.

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