India's foreign exchange reserves rose to $121.1 billion on July 16 from $120.78 billion a week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday.
The RBI said the foreign currency assets expressed in US dollar terms included the effect of appreciation/depreciation of other currencies held in its reserves such as the euro, pound sterling and yen.
The reserves also include India's Reserve Trench Position (RTP) in the IMF, the RBI said.