In the previous week, the reserves had declined by $887.2 million to $362.987 billion
China, Japan, and Germany were flagged for their trade and current-account surpluses
Gold reserves, however, remained unchanged at $20.115 billion
The surge was account of RBI's dollar purchases to rein in the rupee's strength as foreign funds poured into Indian financial markets
The decline in forex reserves was on account of fall in foreign currency assets, a major component of overall reserves
FCAs, a major component of overall reserves, increased by $2.505 billion to $332.504 billion in the reporting week, RBI said in a release here
According to RBI, total reserves on March 11 stood at $353.40 billion, up from $350.86 billion on March 4, 2016
European and Japanese central banks adopted negative interest rate policies to perk up low inflation, but it has raised volatility in the financial markets
On Friday, the rupee fell as low as 68.79 per dollar, not far from an all-time low of 68.85 hit in August 2013