Mumbai, Nov 29: India's foreign exchange reserves witnessed a massive jump with a further accretion of US dollar 1,710 million, a record rise in the current fiscal, to surge past the USD 95 billion mark for the week ended November 21. The country's foreign exchange reserves increased from USD 93,663 to USD 95,373 million in the period under review, according to Reserve Bank of India's weekly statistical supplement released here today.
The foreign currency assets rose to USD 91,450 million, up by USD 1,710 million, it said.
Gold reserves and special drawing rights remained static at USD 3,920 million and USD three million respectively, the Central Bank added.
The Reserve Tranche Position (RTP) with the international monetary policy saw inflows of USD three million to raise it to USD 1,215 million. The RTP may change, from time to time, due to India's transactions under financial transaction plan with the IMF, it said.
RBI said loans and advances for Central government maintained their nil balance while that for state governments rose by Rs 151 crore at Rs 6,342 crore.
Aggregate deposits of scheduled commercial banks for the fortnight ended November 14 grew by Rs 1,218 crore at Rs 13,92,427 crore while bank credit increased by Rs 716 crore to Rs 7,61,926 crore.
Food credit declined by Rs 582 crore at Rs 35,438 crore. However, non-food credit rose by Rs 1,298 crore at Rs 7,28,487 crore in the fortnight, RBI added. Bureau Report