Forex kitty swells by $2.43 bn on RBI intervention

Foreign exchange reserves rose by $2.43 billion to $263.64 billion in the week ended June 12 mainly due to the revaluation of the dollar against currencies such as the euro and the yen.

In rupee terms, the country’s foreign exchange reserves rose by Rs 19,809 crore to Rs 12,49,819 crore in the week ended June 12, according to the latest data released by the Reserve bank of India .