India''s forex reserves at $122.22 billion
By Our Banking Bureau | 15 Nov 2004
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Mumbai: India's foreign exchange reserves rose to $122.224 billion on November 5 from $121.18 billion a week earlier, the Reserve Bank of India said in its weekly statistical supplement on Saturday.
The Reserve Bank of India 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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