India's forex reserves up to $292.24 bn

The country's forex reserves inched higher to $292.24 billion as of January 24, from $292.08 billion in the earlier week, the RBI 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, the RBI said in its weekly statistical supplement.

Foreign exchange reserves include the country's Reserve Tranche position in the International Monetary Fund (IMF).