Mumbai, Mar 22: India's foreign exchange reserves continued to surge ahead and neared the $74 billion mark following fresh inflows of $178 million to touch $73,918 million during the week ended March 14. The country's foreign currency assets swelled by $178 million at $70,189 million, according to Reserve Bank of India's weekly statistical supplement released on Saturday.
The foreign currency assets include the effect of appreciation/depreciation of euro, sterling and yen held in reserves, the RBI said.
Gold reserves and special drawing rights remained static at $3,725 million and at $4 million respectively in the reporting week, RBI added.
Loans and advances to the central government continued to have a nil balance but that to state governments declined by Rs 2,010 crore at Rs 4,060 crore for the week ended March 14, the apex bank said.
Bureau Report