November 30, 2012 / 12:38 PM / 5 years ago

Forex reserves at $294.98 bln on Nov 23: RBI

MUMBAI (Reuters) - India’s foreign exchange reserves were at $294.98 billion as of November 23 compared with $293.53 billion in the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Friday.

Foreign currency traders work inside a trading firm behind the signs of various world currencies, in Mumbai May 24, 2012. REUTERS/Vivek Prakash/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 Neha Dasgupta; Editing by Prateek Chatterjee

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