Business & Finance

India forex reserves at $294.76bn as on April 19

Published April 26, 2013 Updated April 26, 2013 12:05pm

MUMBAI: India's foreign exchange reserves fell to $294.76 billion as of April 19, from $295.25 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).