Markets

India's forex reserves rise to $309.44bn as of April 11

Published April 18, 2014 Updated April 18, 2014 12:26pm

MUMBAI: India's foreign exchange reserves rose to $309.44 billion as of April 11 from $306.65 billion in the week earlier, 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).