India’s foreign exchange reserves have reached $293.44 billion as of Feb. 18, from $293.38 billions in the previous week, the central bank of India said in its weekly statistical supplement on Friday.
Changes in foreign currency assets, expressed in US dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves, the Reserve Bank of India (RBI) told in the supplement.
Foreign exchange reserves include India’s Reserve Tranche position in the International Monetary Fund (IMF).
On the other hand Pakistan's total foreign reserves stand at just $ 16.7 billions which have decreased from &17.6 billions a few months ago. They will further decrease as Pakistan will pay $ 400 millions to IMF on 24th Feb, 2012.
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