In The News
India’s Forex Reserves Touch $ 314 Billion As On Nov 4
November 12, 2011 by dabnk · Leave a Comment
India’s foreign exchange reserves fell to $314.665 billion as on Nov. 4, from $320.390 billion in the previous week, the central bank said in its weekly statistical supplement 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 like the euro, sterling and yen, the central bank said.
Foreign exchange reserves include India’s Reserve Tranche position in the International Monetary Fund (IMF), the central bank said.
