The rise in India's foreign exchange reserves continued with further fresh inflows and export remittances of $595 millon pushing the forex reserves past the $71 billion mark during the week ended January 10.

The country's foreign exchange reserves increased from $70,752 million to $71,347 million in the period under review, according to Reserve Bank of India's weekly statistical supplement released in Mumbai on Saturday.

In the first 10 days of the new calendar year, foreign exchange reserves of India increased by almost $1billion.

The foreign currency assets swelled by $595 million at $67,896 million. However, gold reserves and special drawing rights stood at $3,444 million and $7 million respectively at the end of the week.

Loans and advances to Central government showed a nil balance while that to state governments increased by Rs 621 crore (Rs 6.21 billion) to Rs 7,181 crore (Rs 71.81 billion).