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Forex reserves swell to a record $43.16 billion

After crossing the record level of $43-billion mark in the previous week, India's foreign currency reserves have further swelled following fresh inflows by $153 million to $43.160 billion for the week ended June 15.

The foreign currency assets rose to $40.340 billion, up by $153 million, in reporting week, according to Reserve Bank of India's weekly statistical supplement.

The gold reserves and special drawing rights were at $2.816 billion and $4 million, respectively, the same as in the previous week, the apex bank said.

The foreign currency assets expressed in US dollar terms include the effect of appreciation/depreciation of non-US currencies such as euro, sterling and yen.

Loans and advances by RBI to central government rose by Rs 13.72 billion in the week ended June 15 to Rs 118.71 billion, while that to the state governments also increased by Rs 5.53 billion to Rs 32.56 billion, it said.

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