Markets

India's forex reserves rise to $288.65bn: RBI

Published August 3, 2012 Updated August 3, 2012 12:02pm

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