India's forex reserves fall to $417.70 bln as of May 11 - central bank
Friday,
18-May-2018
05:06 PM (IST)
India's foreign exchange reserves fell to $417.70 billion as of May 11, compared with $418.94 billion a week earlier, the Reserve Bank of India said 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. Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund.
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