India forex reserves tad up at $296.58bn

MUMBAI: India's foreign exchange reserves were at $296.58 billion as of Dec. 28, compared with $296.54 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, the Reserve Bank of India said.

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

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