Forex reserves rises $1.5 bn in the week to November 23

KOLKATA: India's foreign exchange reserves rose $1.456 billion in the week to November 23, snapping a two-week fall and arresting the rupee from falling freely.

The reserves stood at $294.981 billion and more dollar inflows are expected first week of December amid positive market sentiment on India's financial reform.

Foreign currency assets rose over $1.447 billion to $260.138 billion at the end of the week under review, Reserve Bank of India said in weekly statistical report released Friday.

Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, pound and yen held in the reserves.