India's foreign exchange reserves surged ahead and crossed $68 billion due to inflows of continuous export remittances and revaluation of Euro vis-a-vis the US dollar.
During the week ending December 13, inflows of $682 million led to foreign exchange reserves to touch a record high of $68.435 billion, the Reserve Bank of India weekly statistical supplement said.
The foreign currency assets also rose substantially by $682 million to $65.125 billion, according to the supplement.
The country's foreign exchange reserves have grown by $3.050 billion since April.
RBI said the gold reserves and special drawing rights remained static at $3.303 billion and $7 million respectively.
Loans and advances for the week ended December 13 to Central government declined by Rs 533 crore (Rs 5.33 billion) to Rs 1,625 crore (Rs 16.25 billion) while that to state governments increased by Rs 2 crore to Rs 6,744 crore (Rs 67.44 billion), the apex bank added.