India forex reserves tad up at $278.807bn

MUMBAI: India's foreign exchange reserves were a tad up at $278.807 billion as of Aug. 16, compared with $278.602 billion in the earlier week, the Reserve Bank of India said 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 RBI said in its weekly statistical supplement.

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