Markets

India's forex reserves rise to $287.38bn: RBI

Published June 15, 2012 Updated June 15, 2012 11:51am

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

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

Copyright Reuters, 2012