India's forex reserves near $300 billion mark

Continuing to rally for the fourth straight week, India's foreign exchange reserves swelled by 1.35 billion dollar to 298.64 billion dollar for the week ended 21st of this month. A RBI press release in Mumbai has said that foreign currency assets, a major part of the overall reserves, increased by 1.58 billion dollar to 271.40 billion dollar in the reporting week.