Forex reserves down at $294.99 bln on Jan 4: RBI

MUMBAI Fri Jan 11, 2013 5:42pm IST

Foreign currency traders work inside a trading firm behind the signs of various world currencies, in Mumbai May 24, 2012. REUTERS/Vivek Prakash/Files

Foreign currency traders work inside a trading firm behind the signs of various world currencies, in Mumbai May 24, 2012.

Credit: Reuters/Vivek Prakash/Files

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MUMBAI (Reuters) - India's foreign exchange reserves were at $294.99 billion as of January 4, compared with $296.58 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.

(Reporting by Neha Dasgupta; Editing by Sunil Nair)

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