Mumbai: India's foreign exchange reserves surged ahead with a further rise of $ 172 million at $ 56,320 million during the week that ended on June 7.

The foreign currency assets at $ 53,062 million were up by $ 172 million in the week, according to Reserve Bank of India's weekly statistical supplement issued on June 15.

Gold, which had witnessed an upswing of $ 188 million in the week ended May 31, remained unchanged at $ 3,249 million, it said.

Special drawing rights at $ 9 million also did not see any fluctuation for the week ended June 7, the apex bank added.

Loans and advances to Central government decreased by Rs 1,791 crore at Rs 7,120 crore while that to state governments declined by Rs 563 crore at Rs 3,982 crore.

Aggregate deposits in case of scheduled commercial banks for the fortnight ended May 31 rose by Rs 11,959 crore (one per cent) at Rs 11,96,593 crore.

Bank credit at Rs 6,44,036 crore, recorded an increase of Rs 1,841 crore (0.3 per cent), RBI said.

Food credit in the reporting fortnight rose by Rs 1,876 crore at Rs 60,669 crore while non-food credit declined by Rs 35 crore at Rs 5,83,367 crore, it added.

PTI