Indian foreign exchange reserves rise

Indian foreign exchange reserves rose to a record $118.579 billion in the week ended May 7 from $118.490 billion in the previous week, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Saturday.
The RBI said the foreign currency assets expressed in US dollar terms included the effect of appreciation/depreciation of other currencies held in its reserves such as the euro, pound sterling and yen.
The RBI said the it has also included in the foreign exchange reserves, India's Reserve Tranche Position (RTP) in the International Monetary Fund.