India's forex reserves rise to $296.37bn: central bank

MUMBAI: India's foreign exchange reserves rose to $296.37 billion as of April 26, from $294.76 billion in the previous week, the central bank said on Friday.

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation other currencies held in its reserves, the Reserve Bank of India said in its weekly statistical supplement.

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