India's forex reserves rise to $295.71 bn as on Dec 27: RBI

Written By Unknown on Sabtu, 04 Januari 2014 | 10.54

India's foreign exchange reserves rose to USD 295.71 billion as of December 27, compared with USD 295.50 billion in the earlier week, the Reserve Bank of India said on Friday.

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves, the RBI said in its weekly statistical supplement.

Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF).



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