The Troubled Rupee
RBI likely sold dollars after rupee hit record low of 59.93 - dealers
The Reserve Bank of India (RBI) likely sold dollars via state-run banks after the rupee slid to a record low on Thursday, several dealers said, as fears of foreign outflows from India are roiling domestic bond and stock markets. Full Article
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Forex reserves down at $293.56 bln on Nov 9 - RBI
A bank employee counts currency notes at a cash counter inside a bank in Agartala February 26, 2010.
Credit: Reuters/Jayanta Dey/Files
MUMBAI |
MUMBAI (Reuters) - India's foreign exchange reserves fell to $293.56 billion as of November 9 from $294.34 billion in the previous week, the Reserve Bank of India said in its weekly statistical supplement 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.
Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF).
(Reporting by Shamik Paul; Editing by Sunil Nair)
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