Mumbai, Aug 02: India's foreign exchange reserves inched closer towards the $85-billion mark following record inflows during the week ended July 26. The country's foreign exchange reserves rose by $803 million at $84,904 million in the period under review, according to Reserve Bank of India's weekly statistical supplement released on Saturday.
The reserves had swelled by $844 million in the previous week. RBI said the foreign currency assets grew to $81,200 million, up by $802 million.
Analysts said the rise is mainly due to fresh inflows and revaluation of non-US currencies, including the Euro, against the US dollar.

Gold reserves remained unchanged at $3,698 million while special drawing rights increased by $1 million at $6 million, it added.
Loans and advances to central government has increased by Rs 5,831 crore to Rs 8,359 crore while that to states fell by Rs 2,247 crore at Rs 3,176 crore, RBI said. Bureau Report