Mumbai: India's foreign exchange reserves continued to rise to new highs and neared $ 64 billion during the week ended October 11 mainly due to fresh inflows and revaluation of the US Dollar vis-à-vis Euro.

Foreign exchange reserves rose by $ 673 million during the previous week at $ 63,932 million, according to the weekly statistical supplement issued by the Reserve Bank of India (RBI) in Mumbai on October 19.

RBI said the foreign currency assets during the week ended October 11 rose to $ 60,622 million, a jump of $ 673 million.

Gold reserves and special drawing rights remained static at $ 3,300 million and $ 10 million respectively.

Aggregate deposits of scheduled commercial banks for the fortnight ended October 4 saw a rise of Rs 15,909 crore (1.3 per cent) at Rs 12,42,166 crore.

Bank credit at Rs 6,73,112 crore, registered a growth of Rs 11,381 crore (1.7 per cent).

Food credit in the reporting fortnight declined by Rs 137 crore at Rs 53,226 crore while non-food credit increased by Rs 11,518 crore at Rs 6,19,886 crore.

Loans and advances for October 11 to Central government, declined by Rs 1,563 crore to have a nil balance while that to state governments rose by Rs 210 crore at Rs 5,916 crore.

PTI