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India's foreign exchange crosses $64 billion

India's foreign exchange reserves rose to a record high and crossed $64 billion during the week ended October 18 following revaluation of the US dollar vis-a-vis euro and fresh inflows.

Foreign exchange reserves rose by $126 million during the previous week at $64.06 billion, according to the weekly statistical supplement issued by the Reserve Bank of India in Mumbai on Saturday.

Foreign currency assets during the week ended October 18 rose to $60.75 billion, a jump of $126 million, RBI said.

Special drawing rights and gold remained static at $10 million $3.30 billion respectively.

Loans and advances to state governments declined by Rs 531 crore (Rs 5.31 billion) at Rs 5,385 crore (Rs 53.85 billion), the RBI said.

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