Forex reserves down at $294.34 billion on November 2: RBI

Print Posted Date : 10-Nov-2012 , 09:45:29 pm | Posted By CASANSAAR

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India's foreign exchange reserves fell to $294.34 billion as of Nov. 2 from $295.29 billion in the previous week, RBI said in its weekly statistical supplement 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 Reserve Bank of India said.

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

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