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Forex reserves down at $293.56 bln on Nov 9 - RBI
November 16, 2012 / 11:44 AM / 5 years ago

Forex reserves down at $293.56 bln on Nov 9 - RBI

MUMBAI (Reuters) - India’s foreign exchange reserves fell to $293.56 billion as of November 9 from $294.34 billion in the previous week, the Reserve Bank of India said in its weekly statistical supplement on Friday.

A bank employee counts currency notes at a cash counter inside a bank in Agartala February 26, 2010. REUTERS/Jayanta Dey/Files

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.

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

Reporting by Shamik Paul; Editing by Sunil Nair

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