India's foreign exchange reserves continued to scale new heights and crossed the $78-billion mark following record inflows during the week ending May 9.
Foreign exchange reserves rose sharply by $961 million to touch $78.559 billion in the reporting week, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
Foreign currency assets also rose sharply by $959 million at $75.164 billion, it added.
The rise is mainly due to fresh inflows and revaluation of non-US currencies, including the euro, against the US dollar, analysts said.
RBI said gold reserves remained static at $3.368 billion.
The loans and advances to the central government declined by Rs 6,759 crore (Rs 67.59 billion) at Rs 8,393 crore (Rs 83.93 billion).
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