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India's forex reserves edge higher to $294.36 bln as of Feb 28-cbank
March 7, 2014 / 11:33 AM / 4 years ago

India's forex reserves edge higher to $294.36 bln as of Feb 28-cbank

MUMBAI, March 7 (Reuters) - India's foreign exchange
reserves rose to $294.36 billion as of Feb. 28 from
$293.41 billion in the week earlier, the Reserve Bank of India
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).

    FOREIGN EXCHANGE RESERVES  (in million U.S. dollars)        
---------------------------------------------------------       
                          Feb 28      Feb 21      March 1  
                           2014         2014       2013       
---------------------------------------------------------    
Foreign currency assets  266,902      266,868     257,608    
Gold                      20,978       20,076      26,292    
SDRs                       4,469        4,456       4,352   
Reserve Tranche Position   2,011        2,006       2,323       
----------------------------------------------------------      
Total                    294,360      293,406     290,574       
----------------------------------------------------------     
* Figures are rounded off to the nearest decimal point.

 (Reporting by Suvashree Dey Choudhury; Editing by Sunil Nair)

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