Forex reserves at $123.538 billion
By Our Banking Bureau | 22 Nov 2004
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Mumbai: India's foreign exchange reserves rose to $123.538 billion on Nov 12 from $122.224 billion a week earlier, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday.
The RBI said foreign currency assets expressed in US dollar terms included the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, pound sterling and yen.
The reserves include India's Reserve Tranche Position in the International Monetary Fund, it said.
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