The forex reserves grew by $2,699 million for the period under review, taking the reserves to $1,35,658 million, the Reserve Bank of India's weekly statistical supplement released in Mumbai said.
The past two weeks have seen accretion of over $ 5.5 billion to the forex kitty. Foreign currency assets during this period also rose by $2,692 million to $1,29,844 million, the RBI said.
Inflows from FIIs followed by intervention by the central bank in the forex market and revaluation of international currencies contributed to growth in reserves, analysts said.
Gold and Special Drawing Rights remained static at $4,390 million and $5 million respectively, it said. India's Reserve Tranche Position with International Monetary Fund increased by $7 million to reach $1,419 million, it added.
Loans and advances to state governments declined by Rs 279 crore (Rs 2.79 billion) to Rs 2,242 crore (Rs 22.42 billion) while that to central government showed a nil balance.
The RBI said the aggregate deposits with banks as on February 18 grew by Rs 9,672 crore (0.6 per cent) to Rs 16,83,014 crore (Rs 16830.14 billion).
Food credit during the reporting period, however, fell by Rs 1,466 crore (Rs 14.66 billion) to Rs 41,482 crore (Rs 414.82 billion) while non-food credit grew by Rs 6,927 crore (Rs 69.27 billion) to Rs 10,14,728 crore (Rs 10147.28 billion), the central bank added.