India's FX reserves at $278.357 bn

India's foreign exchange reserves fell to $278.357 bilion as on Feb. 26, from $278.672 billion a week earlier, the central bank said in its weekly statistical supplement 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 such as the euro, pound sterling and yen, the central bank said.

Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF), the central bank said.

Source : The Economic Times

Indian Rupees Surges Marginally

The Indian rupee eased by 3 paise against the US dollar on Tuesday after a six-day rally on fresh capital outflows by foreign funds and a firm US currency.
At the Interbank Foreign Exchange (Forex) market, the rupee fell by 3 paise to 45.55 a dollar.
The rupee closed higher by 8 paise at 45.52/53 a dollar in the previous session after hitting an eight-week high of 45.38 due to persistent selling of dollars by exporters and banks on continued capital inflows by foreign funds.
Forex dealers said the dollar gaining against other Asian currencies and a weak trend on stock markets weighed on the rupee sentiment.
Meanwhile, the Bombay Stock Exchange index Sensex fell by 41.31 points, or 0.24 per cent to 17,061.29 points in the opening trade on Tuesday.
Source : profit.ndtv.com