Mumbai: India's foreign exchange reserves surged ahead with a further rise of $ 299 million to touch a record high of $ 50,744 million for the week ended March 1 due to fresh inflows.

The foreign currency assets (FCA) swelled to $ 47,682 million, an increase of $ 160 million in the reporting week, according to Reserve Bank of India's weekly statistical supplement issued on March 9.

Gold reserves have increased by $ 139 million to cross $ 3 billion mark at $ 3,052 million while Special Drawing Rights (SDRs) remained static at $ 10 million, it said.

FCAs expressed in US Dollar terms include the effect of appreciation/depreciation of non-US currencies such as Euro, Sterling and Yen held in reserves.

PTI