India's foreign exchange reserves rose a whopping $1,073 million to cross a record level of $69 billion mark during the week ended December 20 due to fresh inflows, export remittances and revaluation of the euro vis-a-vis the US dollar.
The country's foreign exchange reserves jumped from $68.435 billion to $69.508 billion in the reporting period, according to Reserve Bank of India's weekly statistical supplement in Mumbai on Saturday.
The foreign exchange reserves for the first time in the fiscal rose by over $1 billion in a week. They had seen a rise of $896 million, $828 million, $817 million and $755 million during the week ended June 28, December 6, July 19 and November 8, respectively.
RBI said the foreign currency assets witnessed a massive upsurge of $1.073 billion at 66.198 billion during the week ended December 20.
Gold and special drawing rights remained unchanged at $3.303 billion and $7 million respectively.
Loans and advances to central government decreased by Rs 1,625 crore (Rs 16.25 crore) to register a nil balance while that to state governments increased by Rs 1,147 crore (Rs 11.47 billion) to Rs 7,891 crore (Rs 78.91 billion).