| Date: |
28-05-2011 |
| Subject: |
India's Forex Reserves At $308.534 Billion As of May 20 |
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India's foreign exchange reserves rose to 308.534 billion as of May 20 from $307.493 billion in the previous week, the Reserve Bank of India (RBI) said in its weekly statical 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 like the euro, sterling and yen, the central bank said.
Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF), the central bank said.
Source : smartinvestor.in
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