Mumbai, Apr 26: India's foreign exchange reserves have crossed the US dollar 76 billion mark, a record high, during the week ended April 18. The country's foreign exchange reserves increased by USD 326 million to reach USD 76,077 million in the reporting week, according to reserve bank of India's weekly statistical supplement released here today.
The foreign currency assets of the country grew by USD 326 million at USD 72,539 million, it added.
According to analysts, the rise is attributed to fresh inflows and revaluation of non-US currencies, including the Euro, against the US dollar.
RBI said gold reserves and special drawing rights at USD 3,534 million and USD four million respectively remained unchanged.
The loans and advances to Central government rose by Rs 6,687 crore at Rs 18,329 crore while that to state governments increased by Rs 1,048 crore at Rs 4,730 crore, the apex bank added.
Bureau Report