Forex reserves down at $293.56 bln on Nov 9 - RBI

MUMBAI Fri Nov 16, 2012 5:10pm IST

A bank employee counts currency notes at a cash counter inside a bank in Agartala February 26, 2010. REUTERS/Jayanta Dey/Files

A bank employee counts currency notes at a cash counter inside a bank in Agartala February 26, 2010.

Credit: Reuters/Jayanta Dey/Files

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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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