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India forex reserves up at $290.18 bln on Aug 24: RBI

August 31, 2012


India recently posted 5.3 per cent quarterly growth – the slowest in nine years – down from scorching nine per cent-plus expansion a few years ago. – File photo by Reuters
Indian rupee – File photo by Reuters

MUMBAI: India's foreign exchange reserves  rose to $290.18 billion as of Aug 24, from $288.92 billion in the previous week, the central bank 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 (RBI) said.

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