MUMBAI India's foreign exchange reserves were at $293.52 billion as of February 15, compared with $294.54 billion in the previous week, the Reserve Bank of India (RBI) 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).
(Reporting by Neha Dasgupta; Editing by Sunil Nair)
Trending On Reuters
Ready for Rate Hike
Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article