SNB's forex reserves rose in September

ZURICH, Oct 5 (Reuters) - The Swiss National Bank's foreign exchange reserves rose in September, data on Friday showed.

The SNB held foreign currencies worth 429.303 billion Swiss francs last month, data on Monday calculated by the International Monetary Fund's method showed. That compared with a revised 420.797 billion francs of reserves in August.

To stave off deflation and a recession, the SNB set a cap of 1.20 per euro on the safe-haven franc just over a year ago. At times, it had to intervene by huge sums to defend the limit in the face of investors anxious about sovereign debts in Europe.

(Reporting by Andrew Thompson and Martin de Sa'Pinto)

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