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Forex reserves down at $294.54 billion on Feb 8
February 15, 2013 / 12:21 PM / in 5 years

Forex reserves down at $294.54 billion on Feb 8

MUMBAI (Reuters) - India’s foreign exchange reserves were at $294.54 billion as of February 8, compared with $295.16 billion in the previous week, the Reserve Bank of India (RBI) said 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 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 Prateek Chatterjee

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