India's foreign exchange reserves continued to rise for the 18th straight week to cross the $75 billion mark.
The foreign exchange reserves during the week ending February 14 rose by $616 million mainly due to foreign investments and export remittances at $75,283 million, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.
The foreign currency assets increased by $614 million at $71,586 million in the week under review, RBI said.
FCA expressed in dollar terms include the effects of appreciation/depreciation of non-US currencies like the euro, sterling, yen and others held in reserves, the apex bank said.
RBI said gold reserves remained static at $3,688 million while special drawing rights rose by $2 million to $9 million, the apex bank said.
Loans to state governments declined by Rs 243 crore (Rs 2.43 billion) at Rs 5,322 crore (Rs 53.22 billion) while that to the Centre maintained a nil balance.
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