India`s foreign exchange reserves continue to rise further taking it to a new high, past the $47 billion mark during the week ending December seven. Foreign currency reserves during this period rose further by $218 million to $47,109 million, according to Reserve Bank of India`s weekly statistical report in Mumbai on Saturday.
The healthy accruals were mainly due to a rise in the foreign currency assets by $218 million to $44,242 million, the report said.
Gold reserves and special drawing rights remained static at $2,862 million and $5 million respectively.
Foreign currency assets expressed in dollar terms include the effect of appreciation/depreciation of non-US currencies such as euro, sterling and yen held in reserves, the report said.
Loans and advances to the central government were lower by Rs 4,686 crore to Rs 4,494 crore while that to state governments rose by Rs 3,559 crore to Rs 8,942 crore.
Aggregate deposits during the fortnight ending november 30 rose by Rs 5,084 crore (0.5 per cent) to Rs 10,61,981 crore.
Food credit was also up by Rs 493 crore to Rs 51,730 crore while non-food credit was down by Rs 85 crore to Rs 4,97,310 crore, the report said. Bureau Report