Indian foreign exchange reserves rise to $119.28 billion

10 Oct, 2004

India's foreign exchange reserves rose to $119.28 billion on October. 1 from $118.77 billion a week, the Reserve Bank of India said in its weekly statistical supplement on Saturday.
The RBI said foreign currency assets expressed in 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 Trance Position (RTP) in the International Monetary Fund, it said.

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