India forex reserves up at $296.63 bln on Dec 14

MUMBAI Fri Dec 21, 2012 5:23pm IST

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MUMBAI (Reuters) - India's foreign exchange reserves were at $296.63 billion as of December 14, compared with $294.99 billion in the previous week, the central bank 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 Reserve Bank of India said.

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

(Reporting by Shamik Paul)

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