India's forex reserves rise to $279.24bn as on Oct 11

MUMBAI: India's foreign exchange reserves rose to $279.24 billion as of Oct. 11, compared with $277.73 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).