March 7, 2014 / 11:54 AM / 4 years ago

Forex reserves edge higher to $294.36 billion as of Feb 28 - RBI

A tourist leaves a currency exchange shop at a shopping arcade in New Delhi August 20, 2013. REUTERS/Anindito Mukherjee/Files

MUMBAI (Reuters) - India’s foreign exchange reserves rose to $294.36 billion as of February 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).

Reporting by Suvashree Dey Choudhury; Editing by Sunil Nair

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